Al Moammar’s net profit jumps 39% in 9M 2019
31/10/2019
Argaam Exclusive
AI Summary
Content Summary: 
Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original
sources for complete details and to verify the accuracy of the information.
View other reports
Al Moammar Information Systems Co. reported a net profit after zakat and tax of SAR 39.13 million for the first nine months of 2019, an increase of 38.7 percent year-on-year (YoY), driven by higher revenue from contracts and lower selling and marketing expenses.
Financials (M)
| Item | 9m 2018 | 9m 2019 | Change |
|---|---|---|---|
| Revenues | 612.18 | 679.28 | 11.0 % |
| Gross Income | 81.11 | 99.53 | 22.7 % |
| Operating Income | 46.46 | 58.75 | 26.5 % |
| Net Income | 28.21 | 39.13 | 38.7 % |
| Average Shares | 30.00 | 30.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.94 | 1.30 | 38.7 % |
| EPS (Riyal) | 0.94 | 1.30 | 38.7 % |
The company’s net profit for Q3 2019 declined 12.2 percent YoY to SAR 14.39 million, due to higher operating revenue, increased gross profit and lower selling and marketing expenses.
On a sequential basis, Q3 2019 net profit rose 10.6 percent.
Compared With The
Current Quarter Comparison (M)
| Item | Q3 2018 | Q3 2019 | Change |
|---|---|---|---|
| Revenues | 216.66 | 229.94 | 6.1 % |
| Gross Income | 34.74 | 33.12 | (4.7 %) |
| Operating Income | 22.32 | 20.74 | (7.1 %) |
| Net Income | 16.39 | 14.39 | (12.2 %) |
| Average Shares | 30.00 | 30.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.55 | 0.48 | (12.2 %) |
| EPS (Riyal) | 0.55 | 0.48 | (12.2 %) |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2019 | 211.22 | 73.0 % | 30.57 | 87.4 % | 18.26 | 311.3 % |
| Q2 2019 | 238.12 | (12.9 %) | 35.84 | 19.3 % | 19.75 | 0.3 % |
| Q3 2019 | 229.94 | 6.1 % | 33.12 | (4.7 %) | 20.74 | (7.1 %) |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| Q1 2019 | 11.72 | 1122.1 % | 0.39 | - | 11.72 | 0.39 |
| Q2 2019 | 13.01 | 0.4 % | 0.43 | - | 13.01 | 0.43 |
| Q3 2019 | 14.39 | (12.2 %) | 0.48 | - | 14.39 | 0.48 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2018 | - | - | - |
| Q2 2018 | - | - | - |
| Q3 2018 | - | - | - |
| Q4 2018 | 15.08 % | 9.77 % | 7.28 % |
| 2018 | 15.08 % | 9.77 % | 7.28 % |
| Q1 2019 | 15.16 % | 10.30 % | 7.93 % |
| Q2 2019 | 16.35 % | 10.71 % | 8.24 % |
| Q3 2019 | 15.95 % | 10.36 % | 7.91 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2019 | 30.00 | 2.58 | 2.58 | 6.97 |
| Q2 2019 | 30.00 | 2.58 | 2.58 | 7.37 |
| Q3 2019 | 30.00 | 2.51 | 2.51 | 7.84 |
Multiple Ratios (End of Period Price)
| Period | P/E | Recurring P/E | Price/book |
|---|---|---|---|
| Q1 2019 | - | - | - |
| Q2 2019 | 10.74 | 10.74 | 3.76 |
| Q3 2019 | 10.61 | 10.61 | 3.40 |
Business Segments (Million)
Q3 2019
| Period | Maintenance and operation sector | Networking Unit | Systems Unit | Information Technology Security Unit | Solutions Unit | Business Services Management Unit |
|---|---|---|---|---|---|---|
| Q1 2019 | 23.76 | 16.53 | 34.85 | 25.08 | 84.70 | 26.30 |
| Q2 2019 | 28.70 | 36.23 | 42.84 | 30.47 | 82.42 | 17.45 |
| Q3 2019 | 21.16 | 13.87 | 104.01 | 27.03 | 52.48 | 11.40 |
| Current | |
| Market Cap (M Riyal) | 4,464.00 |
| Enterprise Value (EV) (M Riyal) | 5,653.44 |
| Shares Outstanding ((M)) | 30.00 |
| Book Value (BV) ( Riyal) | 12.99 |
| Par Value ( Riyal) | 10.00 |
| Recurring P/E | 87.28 |
| Price/book | 11.46 |
| Return on Average Assets (%) (TTM) | 3.3 |
| Return on Average Equity (%) (TTM) | 23.3 |
| EV/adj EBITDA | 45.27 |
| EV/Revenues | 4.54 |
Share Price
Al Moammar Information Systems Co. (MIS)
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
{{Comments.indexOf(comment)+1}}
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.
Comments Analysis: