Arabian Internet and Communications Services Company (solutions) announces its annual consolidated financial results for the year ended 31-12-2023

Arabian Internet and Communications Services Company (solutions) announces its annual consolidated financial results for the year ended 31-12-2023

15 February 2024 03:53 PM

Element List

Current Year

Previous Year

%Change

Sales/Revenue

11,040

8,805

25.38

Gross Profit (Loss)

2,598

2,011

29.19

Operational Profit (Loss)

1,387

1,160

19.57

Net profit (Loss)

1,192

1,053

13.2

Total Comprehensive Income

1,099

986

11.46

Total Share Holders Equity (After Deducting the Minority Equity)

3,324

2,810

18.29

Profit (Loss) per Share

10.02

8.86

All figures are in (Millions) Saudi Arabia, Riyals

Element List

Amount

Percentage of the capital (%)

Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value

-

-

All figures are in (Millions) Saudi Arabia, Riyals

Element List

Explanation

The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year

The increase in revenues for the year 2023 by 25.4% as compared to the previous year was mainly due to the increase in each of Core ICT Services by 25.6%, IT Managed and Operational Services by 40.0% and Digital Services by