Anaam Holding posts 46% profit fall to SAR 11 mln in 9M 2022; Q3 at SAR 8.1 mln

10/11/2022 Argaam Exclusive

Anaam International Holding Group posted to a net profit after Zakat and tax of SAR 11 million for the first nine months of 2022, a drop of 46% from SAR 20.2 million in the year-earlier period.



Financials (M)

Item 9m 2021 9m 2022 Change‬
Revenues 5.85 17.79 204.4 %
Gross Income 2.03 6.65 227.7 %
Operating Income (8.49) (7.36) 13.3 %
Net Income 20.17 11.00 (45.5 %)
Average Shares 622.01 630.00 1.3 %
EPS (Halala) 3.24 1.75 (46.2 %)

The profit drop was attributed to higher selling, distribution, general and administrative (G&A) expenses. Growth in the gain from the revaluation of investment properties as well as in other revenues also impacted positively on the net profit for the current period compared to the same period of the previous year.

 

In Q3 2022, net profit after Zakat and tax plunged 63% to SAR 8.1 million, from SAR 22.0 million a year earlier, on an increase in selling, distribution and G&A expenses.

 

The plunge came despite a 446% year-on-year (YoY) surge in sales during the third quarter.

 

The company incurred a net loss of SAR 1.15 million in Q2 2022. Anaam turned profitable in Q3 of this year by gaining SAR 8.2 million from the revaluation of investments at fair value, against a loss of SAR 1 million during the previous quarter. The gross profit increased during the current quarter, mainly due to a jump in additional rental income from the new real estate investment.

 



Current Quarter Comparison (M)

Compared With The
Item Q3 2021 Q3 2022 Change‬
Revenues 1.94 10.61 445.9 %
Gross Income 0.70 6.17 780.5 %
Operating Income (3.22) 0.98 130.6 %
Net Income 21.99 8.11 (63.1 %)
Average Shares 622.01 630.00 1.3 %
EPS (Halala) 3.53 1.29 (63.6 %)

Total shareholders’ equity, no minority interest, rose to SAR 315.872 million by the end of the nine-month period, from SAR 107.956 million a year earlier.

View More Financial Results

 

View other reports

Share Price

Anaam International Holding Group
1.23
0.01 0.82 %

Anaam International Holding Group (ANAAM HOLDING)

More


Financial Ratios
Current
Market Cap (M Riyal) 774.90
Enterprise Value (EV) (M) 918.28
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 2.75
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