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.

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Share Price

Anaam International Holding Group
1.26
0.00 0.00 %

Anaam International Holding Group (ANAAM HOLDING)

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Financial Ratios
Current
Market Cap (M Riyal) 793.80
Enterprise Value (EV) (M) 937.18
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 2.81
Return on Average Assets (%) (TTM) 0.4
Return on Average Equity (%) (TTM) 0.8
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