Anaam widens net loss to SAR 5.3 mln in H1 2021

22/08/2021 Argaam Exclusive

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Anaam International Holding Group widened net loss after Zakat and tax to SAR 5.3 million in H1 2021, from SAR 153,000 in year-earlier period, driven by a 89% rise in general and administrative expenses (G&As) and increased personnel costs.

Financials (M)

Item	6m 2020	6m 2021	Change‬
Revenues	4.88	3.90	(20.1 %)
Gross Income	1.44	1.33	(7.7 %)
Operating Income	(2.11)	(5.27)	(149.3 %)
Net Income	(0.15)	(1.82)	(1,089.5 %)
Average Shares	617.32	622.01	0.8 %
EPS (Halala)	(0.02)	(0.29)	(1,080.6 %)

The company reported net loss after Zakat and tax of SAR 2.5 million in Q2 2021, versus net profit of SAR 346,000 in prior-year period, due to higher G&As and increased depreciation of fixed assets.

On a sequential basis, net loss shrank by 9.01%.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2020	Q2 2021	Change‬
Revenues	1.58	1.91	20.6 %
Gross Income	0.17	0.60	263.6 %
Operating Income	(1.33)	(2.52)	(89.0 %)
Net Income	0.35	0.65	87.3 %
Average Shares	617.32	622.01	0.8 %
EPS (Halala)	0.06	0.10	85.9 %

Item	Q1 2021	Q2 2021	Change‬
Revenues	2.00	1.91	(4.5 %)
Gross Income	0.73	0.60	(17.5 %)
Operating Income	(2.75)	(2.52)	8.5 %
Net Income	(2.47)	0.65	126.3 %
Average Shares	622.01	622.01	-
EPS (Halala)	(0.40)	0.10	126.3 %

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