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Advance International Company for Communication and Information Technology announces its Annual Financial Results for the Period Ending on 2022-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 41,762,783 | 30,108,247 | 38.71 | ||
| Gross Profit (Loss) | 20,288,721 | 18,894,853 | 7.38 | ||
| Operational Profit (Loss) | 7,325,219 | 6,447,020 | 13.62 | ||
| Net Profit (Loss) after Zakat and Tax | 7,659,888 | 5,246,468 | 46 | ||
| Total Comprehensive Income | 7,547,540 | 5,462,016 | 38.18 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 34,254,554 | 26,707,014 | 28.26 | ||
| Profit (Loss) per Share | 3.06 | 2.1 | |||
| 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 reason for the increase in net profit during this year compared to the previous year is due to: Increased project services revenues related to control and entry systems, security gates, metal detection, bags, sales of surveillance cameras, licenses of systems and programs developed by the company. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | Earnings before interest, taxes, depreciation and amortization amounted to SAR 10 million, an increase of 32% compared to the previous year. For the purposes of calculating earnings per share, the number of shares for the comparative year has been retroactively adjusted following the capital increase |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 5.0
Net Change 0.04 (+0.81%)
Value Traded (Sar) 20,434.03
Volume Traded 4,105
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