Financial Results : Anaam's loss shrinks 88% to SAR 500,000 in Q1 2020

Anaam's loss shrinks 88% to SAR 500,000 in Q1 2020

18/06/2020 Argaam Exclusive

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Anaam International Holding Group trimmed net loss after Zakat and tax by 88% year-on-year (YoY) to SAR 500,000 for the first quarter of 2020, driven by higher operating profit, increased revenue and sales, and lower cost of sales.

On a sequential basis, the company narrowed losses by 99%, due to higher sales, lower cost of sales and increased operating profit.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 2.55 3.30 29.4 %
Gross Income (2.61) 1.27 148.7 %
Operating Income (4.90) (0.78) 84.0 %
Net Income (4.22) (0.50) 88.2 %
Average Shares 617.32 617.32 -
EPS (Halala) (0.68) (0.08) 88.2 %

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