Purity announces annual financial results for FY ended 30 June 2024

Purity Information Technology announced its annual financial results for the financial year ended 30 June 2024 (twelve months).

Total revenue reached SAR 92.84M, up 47.25% year-on-year, while total profit grew 18.15% to SAR 13.18M. Net profit was SAR 1.95M.

Revenue growth was driven by new private and government contracts and improved hardware and services flow. Net profit declined on additional expenses for new business lines and higher financing costs. The external auditor's report was unmodified, with no reservations.