Anaam turns to net profit of SAR 17.1 mln in 9M 2021

11/11/2021 Argaam Exclusive

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Anaam International Holding Group turned to a net profit after Zakat and tax of SAR 17.1 million in the first nine months of 2021, against a net loss of SAR 1.3 million in the corresponding period a year ago.

This was driven by a 32% drop year-on-year (YoY) in the cost of sales for the current period, in addition to a SAR 25.2 million in gains from writing off discontinued operations assets in Al Jouf Project, which sent the period comprehensive income to SAR 17.1 million.

Financials (M)

Item	9m 2020	9m 2021	Change‬
Revenues	6.38	5.85	(8.4 %)
Gross Income	0.79	2.03	157.0 %
Operating Income	(4.32)	(8.49)	(96.3 %)
Net Income	(1.30)	20.17	1657.2 %
Average Shares	617.32	622.01	0.8 %
EPS (Halala)	(0.21)	3.24	1645.5 %

In Q3 2021, Anaam also swung to a net profit after Zakat and tax of SAR 21.74 million, against a net loss of SAR 1.14 million in the prior-year period.

Anaam turns to profitability in Q3 2021, versus a net loss of SAR 1.9 million in Q2 2021

Current Quarter Comparison (M)

Compared With The

Item	Q3 2020	Q3 2021	Change‬
Revenues	1.50	1.94	29.5 %
Gross Income	(0.65)	0.70	208.2 %
Operating Income	(2.21)	(3.22)	(45.5 %)
Net Income	(1.14)	21.99	2023.4 %
Average Shares	617.32	622.01	0.8 %
EPS (Halala)	(0.19)	3.53	2009.0 %

Item	Q2 2021	Q3 2021	Change‬
Revenues	1.91	1.94	1.9 %
Gross Income	0.60	0.70	16.8 %
Operating Income	(2.52)	(3.22)	(27.7 %)
Net Income	0.65	21.99	3292.7 %
Average Shares	622.01	622.01	-
EPS (Halala)	0.10	3.53	3292.7 %

Shareholders’ equity, after minority interest, stood at SAR 106.065 million by the end of the nine-month period, compared to SAR 14.494 million a year earlier.

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