Financial Results : Anaam widens net loss to SAR 2.7 mln in Q1 2021

Anaam widens net loss to SAR 2.7 mln in Q1 2021

09/05/2021 Argaam Exclusive

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Anaam International Holding Group reported net loss after Zakat and tax of SAR 2.7 million for Q1 2021, compared to net loss of SAR 500,000 in prior-year period, driven by lower operating profit, decreased revenue, and weak sales. 

 

The company also cited an increase in net operating losses, and higher general and administrative expenses (G&As).

 

On a sequential basis, Anaam narrowed net loss after Zakat and tax by 42%.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 3.30 2.00 (39.5 %)
Gross Income 1.27 0.73 (42.8 %)
Operating Income (0.78) (2.75) (252.0 %)
Net Income (0.50) (2.47) (394.6 %)
Average Shares 617.32 622.01 0.8 %
EPS (Halala) (0.08) (0.40) (390.9 %)

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