Alqemam 2022 profit rises 16% to SAR 13.9 mln; Q4 at SAR 5.3 mln
29/03/2023
Argaam Exclusive
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Alqemam for Computer Systems Co. reported a net profit of SAR 13.9 million in 2022, up 16% from SAR 12 million in the prior-year period.
Financials (M)
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 22.16 | 28.17 | 27.1 % |
| Gross Income | 14.27 | 17.20 | 20.6 % |
| Operating Income | 12.40 | 15.29 | 23.3 % |
| Net Income | 11.96 | 13.92 | 16.4 % |
| Average Shares | 3.00 | 3.00 | - |
| EPS (Riyals) | 3.99 | 4.64 | 16.4 % |
This was driven by higher revenue as a result of new client contracts in Qassim and Makkah. This is in addition to an increase in the number of e-programs that cater to client needs.
Q4 2022 net earnings dropped 55% to SAR 5.25 million, from SAR 11.62 million in the year-earlier period.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2021 | H2 2022 | Change |
|---|
Total shareholders’ equity, excluding minority interest, stood at SAR 13.92 million by Dec. 31, 2022, compared to SAR 11.96 million a year earlier.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2022 | 7.30 | - | 3.03 | - | 1.26 | - |
| H2 2022 | 20.87 | - | 14.17 | - | 14.03 | - |
| 2022 | 28.17 | 27.1 % | 17.20 | 20.6 % | 15.29 | 23.3 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2022 | 0.75 | - | 0.25 | - | 0.75 | 0.25 |
| H2 2022 | 13.17 | - | 4.39 | - | 13.17 | 4.39 |
| 2022 | 13.92 | 16.4 % | 4.64 | - | 13.92 | 4.64 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2022 | - | - | - |
| H2 2022 | 61.06 % | 57.85 % | 49.42 % |
| 2022 | 61.06 % | 57.85 % | 49.42 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2022 | 3.00 | - | - | - |
| H2 2022 | 3.00 | 4.64 | 4.64 | 17.30 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2022 | - | - | - |
| H2 2022 | - | - | - |
Business Segments (Million)
Q4 2022
| Period | Maintenance and technical support | Supplies | Other |
|---|---|---|---|
| Q2 2022 | 6.21 | 1.10 | - |
| Q4 2022 | 14.92 | 5.95 | - |
| Current | |
| Market Cap (M Riyal) | 270.00 |
| Enterprise Value (EV) (M) | 271.10 |
| Shares Outstanding ((M)) | 3.00 |
| Book Value (BV) ( Riyal) | 23.59 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 14.30 |
| Price/book | 3.82 |
Share Price
Alqemam for Computer Systems Co. (ALQEMAM)
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