Anaam International Holding Group logged a net profit after deducting minority equity of SAR 4.1 million in the first half of 2023, compared with SAR 1.6 million in the year-earlier period.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 7.19 | 25.09 | 249.0 % |
| Gross Income | 0.47 | 13.17 | 2678.9 % |
| Operating Income | (8.34) | 2.64 | 131.7 % |
| Net Income | 2.89 | 5.51 | 90.8 % |
| Average Shares | 630.00 | 630.00 | - |
| EPS (Halala) | 0.46 | 0.87 | 90.8 % |
This was driven by higher revenues from investment properties and subsidiaries.
| Item | Q2 2022 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 3.97 | 13.00 | 227.5 % |
| Gross Income | 0.20 | 6.98 | 3460.2 % |
| Operating Income | (1.96) | 1.68 | 186.0 % |
| Net Income | (1.15) | 2.18 | 290.1 % |
| Average Shares | 630.00 | 630.00 | - |
| EPS (Halala) | (0.18) | 0.35 | 290.1 % |
| Item | Q1 2023 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 12.09 | 13.00 | 7.6 % |
| Gross Income | 6.20 | 6.98 | 12.6 % |
| Operating Income | 0.96 | 1.68 | 75.6 % |
| Net Income | 3.33 | 2.18 | (34.6 %) |
| Average Shares | 630.00 | 630.00 | - |
| EPS (Halala) | 0.53 | 0.35 | (34.6 %) |
In Q2 2023, Anaam turned to a net profit of SAR 1.76 million from a net loss of SAR 1.78 million in the prior-year period, for the same reasons above.
Compared with the previous quarter, Anaam's Q2 2023 net earnings dropped 47.1% from SAR 3.33 million.
Total shareholders’ equity, after minority interest, stood at SAR 280 million as of June 30, 2023, compared to SAR 308 million a year earlier.
Accumulated losses reached SAR 34.83 million, representing 11% of capital, as of June 30, 2023.
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