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Purity Information Technology Company announces the annual financial results for the financial year ended 30 June 2024 (twelve months)

Purity Information Technology

Annual Financial Results for the Year Ended 30 June 2024

Item	2024 (SAR)	2023 (SAR)	Change (%)
Total Revenue	92,843,029	63,051,055	47.25%
Total Profit	13,180,881	11,156,072	18.15%
Profit from Operations	3,812,775	6,529,894	-41.61%
Net Profit for the Year	1,954,616	5,485,525	-64.37%
Comprehensive Income	1,617,138	5,483,062	-70.51%
Total Equity	17,412,348	15,795,210	10.24%
Earnings per Share	0.16	0.46	-65.22%

Clarifications

Reason for change in revenues: New contracts in private and government sectors, along with improved revenue flow from hardware and services.

Reason for change in net profit: Net profit decreased by 64% due to additional expenses for new business lines and departments, along with higher financing costs.

External Auditor's Report: Unmodified report with no reservations or disclaimers.

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