Alqemam for Computer Systems Co. reported a net profit of SAR 13.9 million in 2022, up 16% from SAR 12 million in the prior-year period.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 22.16 | 28.17 | 27.1 % |
| Gross Income | 14.27 | 17.20 | 20.6 % |
| Operating Income | 12.40 | 15.29 | 23.3 % |
| Net Income | 11.96 | 13.92 | 16.4 % |
| Average Shares | 3.00 | 3.00 | - |
| EPS (Riyals) | 3.99 | 4.64 | 16.4 % |
This was driven by higher revenue as a result of new client contracts in Qassim and Makkah. This is in addition to an increase in the number of e-programs that cater to client needs.
Q4 2022 net earnings dropped 55% to SAR 5.25 million, from SAR 11.62 million in the year-earlier period.
| Item | Q4 2021 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 11.53 | 12.73 | 10.4 % |
| Gross Income | 10.77 | 7.91 | (26.6 %) |
| Operating Income | 11.62 | 6.09 | (47.6 %) |
| Net Income | 11.62 | 5.25 | (54.8 %) |
| Average Shares | 3.00 | 3.00 | - |
| EPS (Riyals) | 3.87 | 1.75 | (54.8 %) |
| Item | Q3 2022 | Q4 2022 | Change |
|---|
Total shareholders’ equity, excluding minority interest, stood at SAR 13.92 million by Dec. 31, 2022, compared to SAR 11.96 million a year earlier.
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