Al Moammar Information Systems Co. (MIS) announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 198.8 | 171.97 | 15.6 | 171.03 | 16.24 |
| Gross Profit (Loss) | 52.33 | 42.19 | 24.03 | 48.21 | 8.54 |
| Operational Profit (Loss) | 29.3 | 20.59 | 42.3 | 21.79 | 34.47 |
| Net Profit (Loss) after Zakat and Tax | 25.09 | 14.83 | 69.18 | 16.85 | 48.9 |
| Total Comprehensive Income | 26.57 | 15.18 | 75.03 | 19.13 | 38.89 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 476.43 | 463.56 | 2.78 |
| Gross Profit (Loss) | 129.33 | 109.44 | 18.17 |
| Operational Profit (Loss) | 59.7 | 53.56 | 11.46 |
| Net Profit (Loss) after Zakat and Tax | 46.53 | 37.65 | 23.59 |
| Total Comprehensive Income | 48.95 | 38.08 | 28.55 |
| Total Share Holders Equity (after Deducting Minority Equity) | 321.61 | 315.53 | 1.93 |
| Profit (Loss) per Share | 1.55 | 1.26 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The company posted a sales revenue of SAR. 198.80M in the current quarter against SAR. 171.97M in similar quarter of last year an increase of 16%. This was due to positive growth in revenue in the current quarter.
The company posted a gross profit of SAR 52.33M in the current quarter versus SAR 42.19M in the similar quarter of the previous year, an increase of 24%. This is due to the sales-mix and related profit-volume mix of projects which were delivered.
The net profit for the current quarter SAR. 25.09M in comparison to SAR. 14.83M in similar quarter of last year, an increase of 69% in the current quarter due to revenue growth and increase in operational efficiency during the current reporting period. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | The net profit for the current quarter is SAR. 25.09M versus SAR. 16.85M compared to the previous quarter of the current year, an increase of 49%. This is mainly attributed to growth in revenues and gross profit in current periods as a result of general increase in revenue |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The net profit for the current period SAR. 46.53M has increased by 24% in comparison to the last period of previous year SAR. 37.65M, an increase of 24%. The reason for the increase is mainly due increase in revenue, gross margin which had a positive impact on operational income. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | There has been reclassification in some accounts to comply with IAS 1 - Presentation of Financial Statements. Certain similar quarter of last year amounts have been reclassified to conform with the presentation in the current period/quarter. |
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