Financial Results : Anaam trims losses to SAR 6 mln for 2020

Anaam trims losses to SAR 6 mln for 2020

31/03/2021 Argaam Exclusive

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Anaam International Holding Group narrowed net loss after Zakat and tax to SAR 6 million for 2020 from SAR 97.8 million in 2019.

 

This was driven by lower cost of sales, decreased selling and distribution expenses and lower general and administrative expenses (G&As).



Financials (M)

Item 2019 2020 Change‬
Revenues 8.41 8.19 (2.6 %)
Gross Income (7.65) 1.23 116.1 %
Operating Income (19.32) (8.72) 54.9 %
Net Income (97.76) (5.99) 93.9 %
Average Shares 617.32 622.01 0.8 %
EPS (Halala) (15.84) (0.96) 93.9 %

Q4 2020 net loss after Zakat and tax shrank to SAR 4.7 million, from SAR 86.9 million in prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 2.03 1.81 (10.6 %)
Gross Income (8.57) 0.45 105.2 %
Operating Income (14.00) (4.39) 68.6 %
Net Income (86.90) (4.70) 94.6 %
Average Shares 617.32 622.01 0.8 %
EPS (Halala) (14.08) (0.75) 94.6 %

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