KnowledgeNet 2022 profit doubles to SAR 3.2 mln

30/03/2023 Argaam Exclusive

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Knowledge Net Co.
27.00
0.00 0.00 %

Knowledge Net Co. (KNOWLEDGENET)

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KnowledgeNet Co. posted a net profit of SAR 3.2 million in 2022, from SAR 1.6 million a year before.



Financials (M)

Item 2021 2022 Change‬
Revenues 49.02 58.41 19.2 %
Gross Income 14.88 19.64 32.0 %
Operating Income 2.55 1.34 (47.6 %)
Net Income 1.57 3.10 97.0 %
Average Shares 2.50 3.50 39.9 %
EPS (Riyals) 0.63 0.89 40.8 %

The better results were mainly due to an increase in sales by 19.19% year-on-year (YoY) to SAR 58.42 million in 2022.



Shareholders' equity, after minority interest, reached SAR 46.94 million by the end of 2022, compared to SAR 42.51 million a year before.

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