MIS Posts Q3 Profit of SAR 17 Million

Al Moammar Information Systems Co. (MIS) posted a net profit during the third quarter of 17 million riyals compared to a loss of 69 million riyals in the same quarter last year, following the announcement today of the preliminary financial results for the period ending Sep. 30, 2024 (nine months).

The operational profit amounted to 33 million riyals in the third quarter, compared to a loss of 58 million riyals in the same quarter last year.

The company’s net profit during the 9-month period increased 351.8% to 122 million riyals, compared to 27 million riyals in the same period last year.

The profits per share in the current period reached 4.05 riyals, compared to 0.89 riyals in the same period last year.