Financial Results : Anaam trims loss by 88% to SAR 1.3 mln in 9M 2020

Anaam trims loss by 88% to SAR 1.3 mln in 9M 2020

11/11/2020 Argaam Exclusive

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Anaam International Holding Group narrowed net loss after Zakat and tax by 88% year-on-year (YoY) to SAR 1.3 million for the first nine months of 2020, driven by lower general and administrative expenses (G&As).



Financials (M)

Item 9m 2019 9m 2020 Change‬
Revenues 6.38 6.38 0.0 %
Gross Income 0.93 0.79 (14.7 %)
Operating Income (5.32) (4.32) 18.8 %
Net Income (10.86) (1.30) 88.1 %
Average Shares 617.32 617.32 -
EPS (Halala) (1.76) (0.21) 88.1 %

The third-quarter net loss after Zakat and tax shrank 58.8% YoY to SAR 1.1 million, backed by lower G&As and decreased selling and distribution expenses.

 

On a sequential basis, Anaam turned to loss in Q3 2020, from SAR 346,000 profit in Q2 2020.



Current Quarter Comparison (M)

Compared With The
Item Q3 2019 Q3 2020 Change‬
Revenues 2.05 1.50 (26.7 %)
Gross Income 0.51 (0.65) (227.3 %)
Operating Income (1.29) (2.21) (71.1 %)
Net Income (2.78) (1.14) 58.8 %
Average Shares 617.32 617.32 -
EPS (Halala) (0.45) (0.19) 58.8 %

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