Financial Results : Anaam turns to profit of SAR 2.9 mln in Q1 2022

Anaam turns to profit of SAR 2.9 mln in Q1 2022

24/05/2022 Argaam Exclusive

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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.



Current Quarter Comparison (M)

Compared With The
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 %

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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