Financial Results : AICTEC posts 28% rise in H1 2022 net profit to SAR 5.4 mln

AICTEC posts 28% rise in H1 2022 net profit to SAR 5.4 mln

22/08/2022 Argaam Exclusive

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Advance International Company for Communication and Information Technology (AICTEC) reported a rise of 28% in H1 2022 net profit after Zakat and tax to SAR 5.4 million, compared to SAR 4.3 million a year earlier.

The profit growth was driven by higher sales in the six-month period.



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 12.77 21.05 64.8 %
Gross Income 10.35 10.81 4.4 %
Operating Income 4.59 4.69 2.3 %
Net Income 4.27 5.45 27.6 %
Average Shares 64.00 64.00 -
Earnings Per Share before unusual items (Halala) 6.67 8.51 27.6 %
EPS (Halala) 6.67 8.51 27.6 %

Total shareholders’ equity, after minority interest, increased to SAR 32.153 million as of June 30, 2022, from SAR 25.511 million a year earlier.

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