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.
| 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.
| 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.
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