Al Moammar’s net profit rises 18% in FY19

19/02/2020 Argaam Exclusive

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Share Price

Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co. reported a net profit after Zakat and tax of SAR 75.97 million for the fiscal year 2019, an increase of 17.7% year-on-year (YoY).



Financials (M)

Item 2018 2019 Change‬
Revenues 886.15 997.52 12.6 %
Gross Income 133.62 163.82 22.6 %
Operating Income 85.89 100.20 16.7 %
Net Income 64.51 75.98 17.8 %
Average Shares 30.00 30.00 -
EPS (Riyals) 2.15 2.53 17.8 %

The increase was attributed to a 12.6% rise in revenue from contracts and improvements in gross margins.

 

In Q4 2019, the company reported a net profit of SAR 36.84 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 273.97 318.23 16.2 %
Gross Income 52.51 64.29 22.4 %
Operating Income 39.43 49.03 24.4 %
Net Income 36.30 36.85 1.5 %
Average Shares 30.00 30.00 -
EPS (Riyals) 1.21 1.23 1.5 %

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