Riyadh – Mubasher: The net profits after Zakat and tax of Al Moammar Information Systems (MIS) Company rose by 18.95% to SAR 90.376 million in 2020, compared to SAR 75.979 million in 2019.

Higher net profits are attributed to consistent revenue growth and higher gross margins, according to a bourse filing on Sunday.

The company generated revenues of SAR 1.016 billion in 2020, up 1.92% from SAR 997.515 million in the earlier year.

The earnings per share (EPS) stood at SAR 4.52 last year, against SAR 3.8 in 2019.

It is noteworthy to mention that in the third quarter (Q3) of 2020, the company's net profits grew by 56.4% year-on-year (YoY) to SAR 22.5 million.