Anaam turns to SAR 3.9M loss in 9M 2024; Q3 at SAR 8.1M

28/10/2024 Argaam Exclusive

Anaam International Holding Group turned to a net loss of SAR 3.9 million for the first nine months of 2024, versus earnings of SAR 6.1 million in the prior-year period



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 37.07 34.43 (7.1 %)
Gross Income 23.18 20.65 (10.9 %)
Operating Income 8.52 (0.71) (108.3 %)
Net Income 6.14 (3.86) (162.8 %)
Average Shares 630.00 630.00 -
EPS (Halala) 0.98 (0.61) (162.8 %)

The company attributed the lossmaking to a 14% year-on-year (YoY) decline in revenue from Saudi Wasit Factory for Entertainment & Beauty Systems. Besides, 9M 2023 had included gains realized from the revaluation of real estate investments.

 

General and administrative expenses as well as finance costs increased YoY in 9M 2024. Other income also dropped on a yearly basis for the same period.

 

Anaam also posted SAR 8.1 million losses in Q3 2024, against earnings of SAR 630,000 a year earlier.

 

Sequentially, the third-quarter losses widened from SAR 400,000 in Q2 2024.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Revenues 14.19 11.16 (21.3 %)
Gross Income 9.53 6.55 (31.3 %)
Operating Income 3.89 (4.81) (223.9 %)
Net Income 0.63 (8.05) (1369.9 %)
Average Shares 630.00 630.00 -
EPS (Halala) 0.10 (1.28) (1369.9 %)

Shareholders’ equity, excluding minority interest, grew to SAR 282.18 million by the end of Sept. 30, 2024, compared to SAR 280.80 million in the year-earlier period.

 

Accumulated losses reached SAR 29.52 million at the end of the nine-month period, representing 9% of the company’s capital.

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Share Price

Anaam International Holding Group
1.23
0.01 0.82 %

Anaam International Holding Group (ANAAM HOLDING)

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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
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