Al Moammar Information Systems Co. (MIS) reported a net profit after Zakat and tax of SAR 90.4 in 2020, a 19% year-on-year (YoY) increase from a profit of SAR 76 million a year earlier.
The increase in net profit was attributed to a 2% YoY revenue growth and a 10.08% rise in gross profit. In addition, there was a 17% reduction in finance costs during 2020 due to excellent treasury management, including obtaining competitive interest rate and major reductions in bank facility fees.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 997.52 | 674.79 | (32.4 %) |
| Gross Income | 163.82 | 173.23 | 5.7 % |
| Operating Income | 100.20 | 98.30 | (1.9 %) |
| Net Income | 75.98 | 81.28 | 7.0 % |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 2.53 | 2.71 | 7.0 % |
The company reported a net profit of SAR 26.6 million in Q4 2020, a 27.9% decline, compared to a profit of SAR 26.58 million in the same period last year.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 318.23 | - | - |
| Gross Income | 64.29 | 42.28 | (34.2 %) |
| Operating Income | 49.03 | 22.43 | (54.3 %) |
| Net Income | 36.85 | 17.44 | (52.7 %) |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 1.23 | 0.58 | (52.7 %) |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 234.81 | - | - |
| Gross Income | 44.63 | 42.28 | (5.3 %) |
| Operating Income | 27.08 | 22.43 | (17.2 %) |
| Net Income | 22.50 | 17.44 | (22.5 %) |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 0.75 | 0.58 | (22.5 %) |
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