Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) posted a net profit after Zakat and tax worth SAR 26.47 million during the first half (H1) of 2021, down 35.9% from SAR 41.34 million in H1-20.

Earnings per share amounted to SAR 1.06 in H1-21, compared to SAR 1.65 in H1-20, according to the initial income statements on Sunday.

Sales decreased by 13.9% to SAR 471.3 million in the first six months of 2021 from SAR 547.55 million in the same period a year ago.

During the second quarter (Q2) of 2021, MIS registered a 57% decline in net profits to SAR 10.43 million from SAR 24.41 million in Q2-20.

The sales also declined by 22.4% to SAR 247.84 million in the April-June 2021 period from SAR 319.51 million in the prior-year period.

Quarter-on-quarter (QoQ), the net profits in Q2-21 were lower by 34.9% than SAR 14.04 million in Q1-21. The sales meanwhile increased by 10.91% from SAR 223.46 million.