Al Moammar Information Systems Co. (MIS) reported a net profit after Zakat and tax of SAR 56.5 million for 2021, a drop of 34% from SAR 85.1 million a year earlier.
This profit slump was driven by a decline in gross profit, as well as an increase in selling, marketing, general and administrative expenses.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 674.79 | 638.82 | (5.3 %) |
| Gross Income | 173.23 | 166.72 | (3.8 %) |
| Operating Income | 98.30 | 77.26 | (21.4 %) |
| Net Income | 81.28 | 56.48 | (30.5 %) |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 2.71 | 1.88 | (30.5 %) |
In Q4 2021, net profit after Zakat and tax dipped 48% year-on-year (YoY) to SAR 11 million.
On a sequential basis, Q4 2021 net profit fell by 42.5% from SAR 19 million.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Gross Income | 42.28 | 57.28 | 35.5 % |
| Operating Income | 22.43 | 23.70 | 5.7 % |
| Net Income | 17.44 | 18.83 | 7.9 % |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 0.58 | 0.63 | 7.9 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 171.97 | 175.26 | 1.9 % |
| Gross Income | 42.19 | 57.28 | 35.8 % |
| Operating Income | 20.59 | 23.70 | 15.1 % |
| Net Income | 14.83 | 18.83 | 26.9 % |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 0.49 | 0.63 | 26.9 % |
Shareholders equity, after minority interest, stood at SAR 333.9 million in 2021, up from SAR 324.7 million a year earlier.
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