Azm reports 36% profit increase
Azm Saudi Arabia for Communications and Information Technology achieved notable growth in its financial results for the fiscal year ending June 30, 2026, as its net profits increased by 36.17% to approximately 51 million SAR. This growth was supported by a 21.41% rise in revenues to 307.36 million SAR and expansion in its projects. The company also recorded strong growth in operating profitability, increasing by 48.61%, which was reflected in a 36.06% rise in gross profit, along with an improved financial position and a 28.81% increase in equity. This positive performance is attributable to the company's success in securing new contracts and generating higher revenues from existing projects, despite operating expenses rising by 10.78 million SAR. Overall, these results confirm Azm’s ability to grow and expand within the communications and information technology market.
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