Saudi Azm net profit down 15% to SAR 8 mln in H1 2021/22

11/05/2022 Argaam Exclusive
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Saudi Azm for Communication and Information Technology Co. reported a net profit after Zakat and tax of SAR 8 million for the first half ended Dec. 31, 2021, a 15% decline from SAR 9.4 million in the year-earlier period.

The profit decline is attributed to higher general and administrative expenses, since the company increased its technical and sales capabilities by establishing new business units to meet the expected demand for its services in the coming period. 

 

Meanwhile, the advisory and professional expenses increased due to the company’s listing on Nomu- Parallel Market. 



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 69.44 73.25 5.5 %
Gross Income 14.21 15.69 10.4 %
Operating Income 10.03 8.75 (12.8 %)
Net Income 9.40 8.00 (15.0 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items 0.16 0.13 (15.0 %)
EPS (Halala) 15.67 13.33 (15.0 %)
Total shareholders’ equity, excluding minority interest, rose 27.3% to SAR 41.44 million in H1 2021/22, compared to SAR 32.55 million in the year-ago period.
 

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Share Price

Saudi Azm for Communication and Information Technology Co.
30.95
1.00 3.34 %

Saudi Azm for Communication and Information Technology Co. (AZM)

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Financial Ratios
Current
Market Cap (M Riyal) 1,857.00
Enterprise Value (EV) (M) 1,833.32
Shares Outstanding ((M)) 60.00
Book Value (BV) ( Riyal) 1.47
Par Value ( Halala) 50.00
Adjusted P/E (Last12) More than 100
Price/book 21.00
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