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Purity for Information Technology Co. 2024 Annual Results

Revenue

SAR 93M

Net Profit

SAR 2M

EPS

SAR 0.16

Operating Cash Flow

SAR -17M

Purity for Information Technology Co. (9614) reported full year 2024 revenue of SAR 93M, up 47.3% from SAR 63M in 2023. Net profit came in at SAR 2M, down 64.4% year on year. Earnings per share were SAR 0.16. The company generated SAR -17M 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 -8.84 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -8.84.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 93M	SAR 63M
Net Profit	SAR 2M	SAR 5M
Net Margin	2.1%	8.7%
ROE	11.2%	34.7%
EPS	SAR 0.16	SAR 0.46
Total Assets	SAR 69M	SAR 40M
Total Equity	SAR 17M	SAR 16M
Total Liabilities	SAR 52M	SAR 24M
Operating Cash Flow	SAR -17M	SAR 2M

Year on Year Comparison

Revenue increased by 47.3% compared to 2023. Net profit decreased by 64.4%. Revenue grew but profit declined — suggesting margin pressure.

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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: 2024-11-07.