Al Moammar Information Systems First Quarter 2024 Earnings: EPS: ر.س2.44 (vs ر.س1.55 in 1Q 2023)

Al Moammar Information Systems (TADAWUL:7200) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.س333.5m (down 24% from 1Q 2023).
• Net income: ر.س73.1m (up 57% from 1Q 2023).
• Profit margin: 22% (up from 11% in 1Q 2023).
• EPS: ر.س2.44 (up from ر.س1.55 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Al Moammar Information Systems Earnings Insights

Looking ahead, revenue is expected to decline by 6.3% p.a. on average during the next 2 years, while revenues in the IT industry in Asia are expected to grow by 8.3%.

Performance of the market in Saudi Arabia.

The company's shares are down 10% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Al Moammar Information Systems (at least 4 which make us uncomfortable), and understanding these should be part of your investment process.

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