Saudi Azm net profit rises 23% to SAR 19.1 mln in FY 2021/22

28/09/2022 Argaam Exclusive

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Saudi Azm for Communication and Information Technology Co. reported a net profit after Zakat and tax of SAR 19.1 million for the fiscal year ended June 30, 2022, a 23% rise from SAR 15.5 million in the year-earlier period.

Financials (M)

Item	2021	2022	Change‬
Revenues	135.14	152.56	12.9 %
Gross Income	29.23	30.81	5.4 %
Operating Income	16.46	14.52	(11.8 %)
Net Income	15.54	19.10	23.0 %
Average Shares	60.00	60.00	-
EPS (Halala)	25.89	31.84	23.0 %

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	65.70	79.31	20.7 %
Gross Income	15.02	15.12	0.7 %
Operating Income	6.42	5.76	(10.3 %)
Net Income	6.13	11.11	81.2 %
Average Shares	60.00	60.00	-
EPS (Halala)	10.22	18.51	81.2 %

Item	H1 2022	H2 2022	Change‬
Revenues	73.25	79.31	8.3 %
Gross Income	15.69	15.12	(3.6 %)
Operating Income	8.75	5.76	(34.1 %)
Net Income	8.00	11.11	38.9 %
Average Shares	60.00	60.00	-
EPS (Halala)	13.33	18.51	38.9 %

Shareholders’ equity, no minority interest, increased to SAR 51.84 million by the end of the 12-month period, up from SAR 32.55 million a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	15.26	-	4.20	-	3.27	-
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	67.45	342.1 %	18.55	341.8 %	9.68	196.1 %
H1 2020	-	-	-	-	-	-
H2 2020	-	-	-	-	-	-
2020	102.98	52.7 %	20.72	11.7 %	13.05	34.7 %
H1 2021	69.44	-	14.21	-	10.03	-
H2 2021	65.70	-	15.02	-	6.42	-
2021	135.14	31.2 %	29.23	41.1 %	16.46	26.2 %
H1 2022	73.25	5.5 %	15.69	10.4 %	8.75	(12.8 %)
H2 2022	79.31	20.7 %	15.12	0.7 %	5.76	(10.3 %)
2022	152.56	12.9 %	30.81	5.4 %	14.52	(11.8 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	15.26	-	4.20	-	3.27	-
2019	67.45	342.1 %	18.55	341.8 %	9.68	196.1 %
2020	102.98	52.7 %	20.72	11.7 %	13.05	34.7 %
2021	135.14	31.2 %	29.23	41.1 %	16.46	26.2 %
2022	152.56	12.9 %	30.81	5.4 %	14.52	(11.8 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	2.98	-	4.97	-	2.98	0.05
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	7.76	160.0 %	12.93	-	7.76	0.13
H1 2020	-	-	-	-	-	-
H2 2020	-	-	-	-	-	-
2020	11.87	53.1 %	19.79	-	11.87	0.20
H1 2021	9.40	-	15.67	-	9.40	0.16
H2 2021	6.13	-	10.22	-	6.13	0.10
2021	15.54	30.8 %	25.89	-	15.54	0.26
H1 2022	8.00	(15.0 %)	13.33	-	8.00	0.13
H2 2022	11.11	81.2 %	18.51	5.71	5.39	0.09
2022	19.10	23.0 %	31.84	5.71	13.39	0.22

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	2.98	-	4.97	-	2.98	0.05
2019	7.76	160.0 %	12.93	-	7.76	0.13
2020	11.87	53.1 %	19.79	-	11.87	0.20
2021	15.54	30.8 %	25.89	-	15.54	0.26
2022	19.10	23.0 %	31.84	5.71	13.39	0.22

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2013	-	-	-
H2 2013	-	-	-
2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
2018	27.51 %	21.44 %	19.55 %
H1 2019	-	-	-
H2 2019	-	-	-
2019	27.49 %	14.41 %	11.50 %
H1 2020	-	-	-
H2 2020	-	-	-
2020	20.12 %	13.56 %	11.53 %
H1 2021	-	-	-
H2 2021	21.63 %	13.24 %	11.50 %
2021	21.63 %	13.24 %	11.50 %
H1 2022	22.10 %	11.96 %	10.17 %
H2 2022	20.20 %	10.23 %	8.78 %
2022	20.20 %	10.23 %	8.78 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	27.51 %	21.44 %	19.55 %
2019	27.49 %	14.41 %	11.50 %
2020	20.12 %	13.56 %	11.53 %
2021	21.63 %	13.24 %	11.50 %
2022	20.20 %	10.23 %	8.78 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2013	-	-	-
H2 2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
H1 2019	-	-	-
H2 2019	-	-	-
H1 2020	-	-	-
H2 2020	-	-	-
H1 2021	20.46 %	14.62 %	13.54 %
H2 2021	22.86 %	11.78 %	9.33 %
H1 2022	21.42 %	12.13 %	10.92 %
H2 2022	19.06 %	8.48 %	6.80 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
H1 2013	-	-	-	-
H2 2013	-	-	-	-
H1 2014	-	-	-	-
H2 2014	-	-	-	-
H1 2015	-	-	-	-
H2 2015	-	-	-	-
H1 2016	-	-	-	-
H2 2016	-	-	-	-
H1 2017	-	-	-	-
H2 2017	-	-	-	-
H1 2018	-	-	-	-
H2 2018	-	-	-	-
H1 2019	-	-	-	-
H2 2019	-	-	-	-
H1 2020	-	-	-	-
H2 2020	-	-	-	-
H1 2021	60.00	-	-	-
H2 2021	60.00	25.89	25.89	0.54
H1 2022	60.00	23.55	23.55	0.69
H2 2022	60.00	31.84	22.32	0.86

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
2013	-	-	-	-
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	60.00	4.97	4.97	0.05
2019	60.00	12.93	12.93	0.16
2020	60.00	19.79	19.79	0.36
2021	60.00	25.89	25.89	0.54
2022	60.00	31.84	22.32	0.86

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
H1 2013	-	-	-
H2 2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
H1 2019	-	-	-
H2 2019	-	-	-
H1 2020	-	-	-
H2 2020	-	-	-
H1 2021	-	-	-
H2 2021	-	-	-
H1 2022	33.97	33.97	11.58
H2 2022	27.01	38.53	9.95

Period	P/E	Adjusted P/E	Price/book
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	27.01	38.53	9.95

Business Segments (Million)

Compared With The

Period	Corporate services	Third-party platforms	Advisory	Proprietary Technologies
Q2 2020	47.02	5.89	12.15	4.37
Q2 2021	47.02	5.89	12.15	4.37
Q4 2021	50.18	9.55	4.26	1.72
Q2 2022	41.37	3.41	22.58	5.89
Q4 2022	48.08	11.17	16.62	3.45

Period	Corporate services	Third-party platforms	Advisory	Proprietary Technologies
2021	97.20	15.44	16.41	6.09
2022	89.45	14.58	39.20	9.33

Financial Ratios

	Current
Market Cap (M Riyal)	1,812.00
Enterprise Value (EV) (M)	1,768.49
Shares Outstanding ((M))	60.00
Book Value (BV) ( Riyal)	1.14
Par Value ( Halala)	50.00
Adjusted P/E (Last12)	More than 100
Price/book	26.48

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

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Saudi Azm net profit rises 23% to SAR 19.1 mln in FY 2021/22

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Financials (M)

Current Half Annual Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2022 Q4

Financial Ratios

Share Price

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

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Saudi Azm net profit rises 23% to SAR 19.1 mln in FY 2021/22

View other reports

Financials (M)

Current Half Annual Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2022

Revenue by Business Segment (Latest) 2022 Q4

Financial Ratios

Share Price

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

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Business Segments (Million)