Alqemam 2022 profit rises 16% to SAR 13.9 mln; Q4 at SAR 5.3 mln

29/03/2023 Argaam Exclusive

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.

Financials (M)

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.

Current Quarter Comparison (M)

Compared With The
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 %)

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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Share Price

Alqemam for Computer Systems Co.
120.00
(10.00) (7.69 %)

Alqemam for Computer Systems Co. (ALQEMAM)

Financial Ratios
Current
Market Cap (M Riyal) 345.00
Enterprise Value (EV) (M) 341.86
Shares Outstanding ((M)) 3.00
Book Value (BV) ( Riyal) 17.30
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 24.78
Price/book 6.65
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