Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) disclosed its financial results for the second quarter of 2019.
Net profits after zakat and tax inched up 0.6% to SAR 13.04 million in Q2-19, compared to SAR 12.96 million in Q2-18, according to the company’s filing to the Saudi Stock Exchange (Tadawul) on Monday.
Meanwhile, revenues decreased by 12.9% to SAR 238.12 million during the three-month period ended in June, from SAR 273.42 million in the same period of the previous year.
For the first half of 2019, net profits of the Saudi-based company surged by 109.3% to SAR 24.74 million, versus SAR 11.8 million in H1-18.
MIS generated SAR 449.34 million in revenues during the first six months of 2019, up 13.6% from SAR 395.52 million in the same period a year ago.
Profit per share stood at SAR 1.55 during the six-month period between January and June, versus SAR 0.74 in the corresponding period of 2018.
