Anaam Holding narrows losses to SAR 153,000 in H1 2020

24/08/2020 Argaam Exclusive

View other reports

Anaam International Holding Group trimmed net loss after Zakat and tax to SAR 153,000 for the first half of 2020, from SAR 8.1 million in the same period last year.

Financials (M)

Item	6m 2019	6m 2020	Change‬
Revenues	4.34	4.88	12.5 %
Gross Income	0.42	1.44	245.4 %
Operating Income	(4.03)	(2.11)	47.6 %
Net Income	(8.08)	(0.15)	98.1 %
Average Shares	617.32	617.32	-
EPS (Halala)	(1.31)	(0.02)	98.1 %

The decline in loss was attributed to higher sales, lower cost of sales, and decline in general and administrative expenses, as well as selling and distribution costs.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2019	Q2 2020	Change‬
Revenues	1.79	1.58	(11.6 %)
Gross Income	0.29	0.17	(42.5 %)
Operating Income	(1.87)	(1.33)	28.7 %
Net Income	(3.87)	0.35	108.9 %
Average Shares	617.32	617.32	-
EPS (Halala)	(0.63)	0.06	108.9 %

Item	Q1 2020	Q2 2020	Change‬
Revenues	3.30	1.58	(52.1 %)
Gross Income	1.27	0.17	(87.0 %)
Operating Income	(0.78)	(1.33)	(70.3 %)
Net Income	(0.50)	0.35	169.3 %
Average Shares	617.32	617.32	-
EPS (Halala)	(0.08)	0.06	169.3 %

The company turned to profit of SAR 346,000 in Q2 2020 from a net loss of SAR 3.9 million a year earlier.

When compared to the previous quarter, the company turned to a profit against a loss of SAR 498,000.

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×