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Azm reports 36% profit growth
Azm Saudi Company for Communications and Information Technology announced its financial results for the fiscal year ending June 30, 2026. The company achieved significant growth in its profits and net earnings, increasing by 36.17% to approximately 51 million Saudi Riyals. Revenues also rose by 21.41% to around 307 million Riyals. Additionally, the company recorded a 48.61% growth in operating profit, and gross profit increased by 36.06%, driven by the expansion into new projects and increased revenue from existing ones. This performance led to an improved financial position, with total shareholders' equity rising by 28.81%, and earnings per share reaching 0.87 Riyals.
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