Saudi AZM for Communication and Information Technology Co. announces its Annual Financial Results for the Period Ending on 2023-06-30
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 190,369,167 | 152,560,468 | 24.78 | ||
| Gross Profit (Loss) | 38,473,882 | 30,810,721 | 24.87 | ||
| Operational Profit (Loss) | 17,325,368 | 14,516,620 | 19.35 | ||
| Net Profit (Loss) after Zakat and Tax | 23,967,369 | 19,094,545 | 25.52 | ||
| Total Comprehensive Income | 24,384,911 | 19,271,671 | 26.53 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 68,421,344 | 51,835,878 | 32 | ||
| Profit (Loss) per Share | 0.39 | 0.32 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The Saudi AZM for Communication and Information Technology Company achieved an increase in net profit after zakat to reach (23,967,369) Saudi Riyals during the year 2023 AD, an increase of (25.52%) on an annual basis compared to (19,094,545) Saudi Riyals in the year 2022 AD. The reason for this increase is due to:
Revenues increased by (24.78%) and amounted to (190,369,167) Saudi riyals during 2023 AD, which contributed to an increase in gross profit by (24.87%) and amounted to (38,473,882) Saudi Riyals, and other income increased to reach (7,662,890) Saudi Riyals. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the presentation in the current year |
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