Saudi Azm net profit rises 23% to SAR 19.1 mln in FY 2021/22

28/09/2022 Argaam Exclusive

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Share Price

Saudi Azm for Communication and Information Technology Co.
15.50
0.20 1.31 %

Saudi Azm for Communication and Information Technology Co. (AZM)

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Saudi Azm for Communication and Information Technology Co. reported a net profit after Zakat and tax of SAR 19.1 million for the fiscal year ended June 30, 2022, a 23% rise from SAR 15.5 million in the year-earlier period. 



Financials (M)

Item 2021 2022 Change‬
Revenues 135.14 152.56 12.9 %
Gross Income 29.23 30.81 5.4 %
Operating Income 16.46 14.52 (11.8 %)
Net Income 15.54 19.10 23.0 %
Average Shares 60.00 60.00 -
EPS (Halala) 25.89 31.84 23.0 %

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Shareholders’ equity, no minority interest, increased to SAR 51.84 million by the end of the 12-month period, up from SAR 32.55 million a year earlier.

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