Financial Results : Anaam turns to SAR 31.5 mln loss in 2022; Q4 at SAR 40.2 mln

Anaam turns to SAR 31.5 mln loss in 2022; Q4 at SAR 40.2 mln

04/05/2023 Argaam Exclusive

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Anaam International Holding Group swung to a net loss of SAR 31.5 million in 2022, against a net profit of SAR 2.8 million a year earlier. The negative results were attributed to the losses incurred from short-term securities trading and impairment of goodwill associated with the subsidiaries.



Financials (M)

Item 2021 2022 Change‬
Revenues 7.74 28.11 263.3 %
Gross Income 2.61 13.49 417.2 %
Operating Income (17.05) (14.76) 13.4 %
Net Income 3.74 (28.32) (857.6 %)
Average Shares 622.01 630.00 1.3 %
EPS (Halala) 0.60 (4.50) (848.0 %)

Net losses widened by 130.9% to SAR 40.21 million in Q4 2022, from SAR 17.42 million in Q4 2021.

 

The company reported a net profit of SAR 8.11 million for Q3 2022.



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 1.89 10.32 445.3 %
Gross Income 0.58 6.84 1079.7 %
Operating Income (8.56) (7.40) 13.5 %
Net Income (16.43) (39.32) (139.3 %)
Average Shares 622.01 630.00 1.3 %
EPS (Halala) (2.64) (6.24) (136.3 %)

Shareholders’ equity, no minority interest, increased to SAR 281.45 million as of Dec. 31, 2022, from SAR 115.30 million a year earlier.

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