Alqemam H1 2023 profit leaps 89% to SAR 1.4 mln

Alqemam H1 2023 profit leaps 89% to SAR 1.4 mln

22/08/2023 Argaam Exclusive

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Alqemam for Computer Systems Co. reported a net profit of SAR 1.4 million in H1 2023, up 89% from SAR 747,000 in the prior-year period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 7.30 16.09 120.4 %
Gross Income 3.03 10.03 231.2 %
Operating Income 1.26 2.27 79.7 %
Net Income 0.75 1.41 88.9 %
Average Shares 3.00 3.00 -
EPS (Riyals) 0.25 0.47 88.9 %


Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 7.30 16.09 120.4 %
Gross Income 3.03 10.03 231.2 %
Operating Income 1.26 2.27 79.7 %
Net Income 0.75 1.41 88.9 %
Average Shares 3.00 3.00 -
EPS (Riyals) 0.25 0.47 88.9 %

This was driven by revenue growth due to improved operational efficiency as well as progress in achieving the company's strategy of enhancing its competitiveness.

 

Total shareholders equity, no minority interest, rose to SAR 53.41 million as of June 31, 2023, compared to SAR 39.24 million the previous year.

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 7.30 - 3.03 - 1.26 -
H2 2022 20.87 - 14.17 - 14.03 -
H1 2023 16.09 120.4 % 10.03 231.2 % 2.27 79.7 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 0.75 - 0.25 - 0.75 0.25
H2 2022 13.17 - 4.39 - 13.17 4.39
H1 2023 1.41 88.9 % 0.47 - 1.41 0.47

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
H2 2022 61.06 % 57.85 % 49.42 %
H1 2023 65.48 % 47.37 % 39.46 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 3.00 - - -
H2 2022 3.00 4.64 4.64 17.30
H1 2023 3.00 4.86 4.86 17.81

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
H2 2022 - - -
H1 2023 18.10 18.10 4.94

Business Segments (Million)

Compared With The
Period Maintenance and technical support Supplies Other
Q2 2022 6.21 1.10 -
Q4 2022 14.92 5.95 -
Q2 2023 14.32 1.77 -


Financial Ratios
Current
Market Cap (M Riyal) 288.00
Enterprise Value (EV) (M) 289.10
Shares Outstanding ((M)) 3.00
Book Value (BV) ( Riyal) 23.59
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 15.25
Price/book 4.07
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Share Price

Alqemam for Computer Systems Co.
96.00
8.00 9.09 %

Alqemam for Computer Systems Co. (ALQEMAM)

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