Axelerated Solutions for Information and Communication Technology Company (TADAWUL:9637)

TADAWUL:9637 Income Statement

Financials in millions SAR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	335.3	270.86	270.1
Revenue Growth (YoY)	-	0.28%	-
Cost of Revenue	284.44	214.91	221.31
Gross Profit	50.86	55.95	48.79
Selling, General & Admin	13.25	11.79	7.54
Operating Expenses	15.97	16.03	9.52
Operating Income	34.89	39.92	39.27
Interest Expense	-0.38	-0.03	-0.04
Other Non Operating Income (Expenses)	2.55	2.34	1.19
EBT Excluding Unusual Items	37.26	42.24	40.42
Gain (Loss) on Sale of Assets	-	-	-0
Pretax Income	37.26	42.24	40.42
Income Tax Expense	3.33	3.41	2.33
Net Income	33.92	38.83	38.08
Net Income to Common	33.92	38.83	38.08
Net Income Growth	-	1.96%	-
Shares Outstanding (Basic)	25	25	25
Shares Outstanding (Diluted)	25	25	25
EPS (Basic)	1.36	1.55	1.52
EPS (Diluted)	1.36	1.55	1.52
EPS Growth	-	1.96%	-
Free Cash Flow	8.71	-8.36	51.73
Free Cash Flow Per Share	0.35	-0.34	2.07
Dividend Per Share	0.160	0.160	-
Gross Margin	15.17%	20.66%	18.06%
Operating Margin	10.41%	14.74%	14.54%
Profit Margin	10.12%	14.34%	14.10%
Free Cash Flow Margin	2.60%	-3.09%	19.15%
EBITDA	35.41	40.55	39.84
EBITDA Margin	10.56%	14.97%	14.75%
D&A For EBITDA	0.52	0.63	0.57
EBIT	34.89	39.92	39.27
EBIT Margin	10.41%	14.74%	14.54%
Effective Tax Rate	8.95%	8.07%	5.77%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.