Anaam swings to profit of SAR 2.9 mln in H1 2022; Q2 loss at SAR 1.2 mln

26/09/2022 Argaam Exclusive

Anaam International Holding Group turned to a net profit of SAR 2.9 million for the first half of 2022, against a net loss of SAR 1.8 million in the year-earlier period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 3.90 7.19 84.2 %
Gross Income 1.33 0.47 (64.3 %)
Operating Income (5.27) (8.34) (58.3 %)
Net Income (1.82) 2.89 258.6 %
Average Shares 622.01 630.00 1.3 %
EPS (Halala) (0.29) 0.46 256.6 %

The positive results were driven by increased revenue of the newly-acquired entity, revaluation of investment properties and gains from the other investments. This came despite a 64% plunge year-on-year (YoY) in gross profit, due to the higher cost of sales for the newly-acquired entity. Overall, the cost of sales increased by 161% YoY despite an 84% rise in revenue.

 

In Q2 2022, Anaam turned to net losses of SAR 1.2 million, from a net profit of SAR 650,000 in the prior-year period, on the higher cost of sales related to the newly-acquired entity and lower fair value of other investments. 

 

Anaam turned to a loss from a profit of SAR 3.52 million in Q1 2022. 



Current Quarter Comparison (M)

Compared With The
Item Q2 2021 Q2 2022 Change‬
Revenues 1.91 3.97 108.3 %
Gross Income 0.60 0.20 (67.3 %)
Operating Income (2.52) (1.96) 22.2 %
Net Income 0.65 (1.15) (276.8 %)
Average Shares 622.01 630.00 1.3 %
EPS (Halala) 0.10 (0.18) (274.6 %)

Total shareholders’ equity, after minority interest, stood at SAR 307.761 million as of June 30, 2022, compared to SAR 84.329 million a year earlier.

 

Accumulated losses reached SAR 7.239 million, representing 2.3% of capital, as of June 30, 2022.

View more financial results

 

View other reports

Share Price

Anaam International Holding Group
1.24
(0.01) (0.80 %)

Anaam International Holding Group (ANAAM HOLDING)

More


Financial Ratios
Current
Market Cap (M Riyal) 781.20
Enterprise Value (EV) (M) 924.58
Shares Outstanding ((M)) 630.00
EPS (Halala) (TTM) 0.35
Book Value (BV) ( Riyal) 0.45
Par Value ( Halala) 50.00
Adjusted P/E (Last12) Neg
P/E (TTM) More than 100
Price/book 2.77
Return on Average Assets (%) (TTM) 0.4
Return on Average Equity (%) (TTM) 0.8
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request