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Saudi Azm for Communication and Information Technology Co. 2022 Annual Results

Revenue
SAR -122M
Net Profit
SAR 19M
EPS
SAR 0.32
Operating Cash Flow
SAR 33M

Saudi Azm for Communication and Information Technology Co. (7211) reported full year 2022 revenue of SAR -122M, down 214.9% from SAR 106M in 2021. Net profit came in at SAR 19M, up 22.9% year on year. Earnings per share were SAR 0.32. The company generated SAR 33M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Earnings Quality

Of every SAR 1.00 in reported net profit, SAR 1.74 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.74.

Key Financial Metrics

Metric20222021
RevenueSAR -122MSAR 106M
Net ProfitSAR 19MSAR 16M
Gross ProfitSAR 31MSAR 29M
Net Margin-15.7%14.7%
ROE36.8%47.7%
EPSSAR 0.32
Total AssetsSAR 108MSAR 79M
Total EquitySAR 52MSAR 33M
Total LiabilitiesSAR 56M
Operating Cash FlowSAR 33M

Year on Year Comparison

Revenue decreased by 214.9% compared to 2021. Net profit increased by 22.9%. Revenue declined but profit grew — indicating improved efficiency or cost control.

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Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2022-09-29.