MIS reports 24% profit jump to SAR 46.5 mln in 9M 2022; Q3 at SAR 25.1 mln

06/11/2022 Argaam Exclusive

View other reports

Al Moammar Information Systems Co. (MIS) reported a net profit after Zakat and tax of SAR 46.5 million for the first nine months of 2022, leaping 24% from SAR 37.7 million in year-earlier period.

The profit growth was mainly due to an increase in revenues and gross profit, which had a positive impact on operational income.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	463.56	476.43	2.8 %
Gross Income	109.44	129.33	18.2 %
Operating Income	53.56	59.70	11.5 %
Net Income	37.66	46.53	23.6 %
Average Shares	30.00	30.00	-
EPS (Riyals)	1.26	1.55	23.6 %

Q3 2022 net profit after Zakat and tax rose 69.2% year-on-year (YoY) to SAR 25.1 million, driven by positive growth in revenues.

On a sequential basis, Q3 2022 net profit surged 48.9% from SAR 16.8 million.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	171.97	198.80	15.6 %
Gross Income	42.19	52.33	24.0 %
Operating Income	20.59	29.30	42.3 %
Net Income	14.83	25.09	69.2 %
Average Shares	30.00	30.00	-
EPS (Riyals)	0.49	0.84	69.2 %

Item	Q2 2022	Q3 2022	Change‬
Revenues	171.03	198.80	16.2 %
Gross Income	48.21	52.33	8.5 %
Operating Income	21.79	29.30	34.5 %
Net Income	16.85	25.09	48.9 %
Average Shares	30.00	30.00	-
EPS (Riyals)	0.56	0.84	48.9 %

Total shareholders' equity, with no minority interest, reached SAR 321.61 million at the end of first nine months of 2022, compared with SAR 315.53 million a year earlier.

View More Financial Results

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×