Al Moammar Information Systems Full Year 2023 Earnings: Misses Expectations

Al Moammar Information Systems (TADAWUL:7200) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س1.46b (up 85% from FY 2022).
• Net income: ر.س14.0m (down 85% from FY 2022).
• Profit margin: 1.0% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.47 (down from ر.س3.20 in FY 2022).

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

Al Moammar Information Systems Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 74%.

Looking ahead, revenue is expected to decline by 8.5% p.a. on average during the next 3 years, while revenues in the IT industry in Asia are expected to grow by 8.9%.

Performance of the market in Saudi Arabia.

The company's shares are up 2.9% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Al Moammar Information Systems (including 2 which are a bit concerning).

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