Anaam widens FY19 net losses to SAR 97.8 mln

20/02/2020 Argaam Exclusive

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Anaam International Holding Group widened net losses after Zakat and tax to SAR 97.8 million for the fiscal year 2019, compared to net losses of SAR 15 million a year earlier, due to an additional Zakat and income provision worth SAR 88 million.

Annual sales plunged 79% due to a decrease in the agricultural segment sales.

Financials (M)

Item	2018	2019	Change‬
Revenues	40.72	8.41	(79.3 %)
Gross Income	(2.59)	(7.65)	(195.4 %)
Operating Income	(15.38)	(19.32)	(25.6 %)
Net Income	(15.00)	(97.76)	(551.6 %)
Average Shares	617.32	617.32	-
EPS (Halala)	(2.43)	(15.84)	(551.6 %)

In Q4 2019, the company reported a net loss of SAR 86.9 million, compared to a net loss of SAR 8.7 million in year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	4.74	2.03	(57.2 %)
Gross Income	(4.91)	(8.57)	(74.7 %)
Operating Income	(8.70)	(14.00)	(61.0 %)
Net Income	(8.67)	(86.90)	(902.5 %)
Average Shares	617.32	617.32	-
EPS (Halala)	(1.40)	(14.08)	(902.5 %)

Item	Q3 2019	Q4 2019	Change‬
Revenues	2.05	2.03	(0.9 %)
Gross Income	0.51	(8.57)	(1783.7 %)
Operating Income	(1.29)	(14.00)	(983.7 %)
Net Income	(2.78)	(86.90)	(3,029.1 %)
Average Shares	617.32	617.32	-
EPS (Halala)	(0.45)	(14.08)	(3,029.1 %)

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