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Advance International Company for Communication and Information Technology announces its Interim Financial results for the period ending on 2024-06-30 ( Six Months )

9524
AICTEC
0.00 %
1446/01/08     14/07/2024 08:06:08

Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 25,570,02723,232,45210.061
Net profit (Loss) 5,157,0964,502,03714.55
Total Shareholders Equity (after Deducting Minority Equity) 42,462,70838,756,5919.562
Profit (Loss) per Share 0.080.07
All figures are in (Actual) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
Accumulated Losses --
All figures are in (Actual) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The increase in revenue is attributed to project sales, which grew by 10%, mainly generated from software sales and installation services related to access control systems, security gates, metal detectors, and surveillance cameras.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The increase in net profit by 14% is due to a 10% rise in project sales, mainly generated from software sales and installation services. This was achieved while maintaining relative stability in direct operating costs despite the increase in sales, leading to a higher gross profit percentage compared to the sales growth percentage
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items N/A
Additional Information The condensed interim financial statements of profit or loss and other comprehensive income, changes in equity, and cash flows for the six months ended June 30, 2023, have been reviewed by other auditors who issued an unmodified report dated 20 Muharram 1444H (corresponding to August 7, 2023).

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 2.71
Net Change 0.0 (0.0%)
Value Traded (Sar) 2,700
Volume Traded 1,000
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