Anaam International Holding Group reported a net profit after Zakat and tax of SAR 2.9 million for Q1 2022, against a loss of SAR 2.7 million in the year-earlier period.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 2.00 | 3.22 | 61.2 % |
| Gross Income | 0.73 | 0.28 | (61.8 %) |
| Operating Income | (2.75) | (6.39) | (131.9 %) |
| Net Income | (2.47) | 4.03 | 263.4 % |
| Average Shares | 622.01 | 622.01 | 0.0 % |
| EPS (Halala) | (0.40) | 0.65 | 263.4 % |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 1.89 | 3.22 | 70.1 % |
| Gross Income | 0.58 | 0.28 | (52.1 %) |
| Operating Income | (8.56) | (6.39) | 25.4 % |
| Net Income | (16.43) | 4.03 | 124.6 % |
| Average Shares | 622.01 | 622.01 | 0.0 % |
| EPS (Halala) | (2.64) | 0.65 | 124.6 % |
The profit was driven by additional revenue from a newly acquired entity and gain from other investments.
Sequentially, the company turned to a profit against a loss of SAR 12.9 million in Q4 2021.
Total shareholders’ equity stood at SAR 98.41 million as of March 31, 2022, increasing by 3.7% from SAR 86.23 million a year earlier.
Accumulated losses as of March 31, 2022, reached SAR 6.60 million, representing 6% of capital.
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