The financial statements of Al-Muammar Information Systems showed that the company's profits in the second quarter of this year increased by 90.4% on an annual basis.

According to the results of the company for the Saudi market (Tadawul) today, Wednesday, the profits for the period amounted to 24.77 million riyals, compared to the profits of the second quarter of last year of SR 13.01 million. p>

The company said in a statement to the stock exchange that the increase in profits during the comparison periods is due to several reasons, the most prominent of which is the overall revenue growth of about 34%, thanks to the strong cumulative balance of the carried-over business and continuous growth In new applications during the reporting period, there was an increase in revenue.

(Al-Muammar) achieved profits of 41.69 million riyals in the first half of this year, compared to profits of 24.74 million riyals for the same period in 2019, an increase of 68.5% .

(Fun Knowledge of Knowledge)