Financial Results : Anaam turns to profit of SAR 12.2M in 2023; Q4 at SAR 6.1M

Anaam turns to profit of SAR 12.2M in 2023; Q4 at SAR 6.1M

28/03/2024 Argaam Exclusive

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Anaam International Holding Group reported a net profit of SAR 12.2 million for 2023, against a net loss of SAR 28.3 million in 2022.



Financials (M)

Item 2022 2023 Change‬
Revenues 28.11 51.16 82.0 %
Gross Income 13.49 32.86 143.6 %
Operating Income (14.76) 8.63 158.5 %
Net Income (28.32) 12.23 143.2 %
Average Shares 630.00 630.00 -
EPS (Halala) (4.50) 1.94 143.2 %

The company turned to SAR 6.1 million profit in Q4 2023 versus a loss of SAR 39.3 million in Q4 2022.

 

Sequentially, the Q4 bottom line saw a spike to SAR 630,000.



Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬
Revenues 10.32 14.09 36.5 %
Gross Income 6.84 9.68 41.4 %
Operating Income (7.40) 0.11 101.5 %
Net Income (39.32) 6.09 115.5 %
Average Shares 630.00 630.00 -
EPS (Halala) (6.24) 0.97 115.5 %

Shareholders’ equity, after minority interest, stood at SAR 289.3 million by the end of 2023, compared to SAR 274.7 million a year earlier.

 

Accumulated losses reached SAR 25.66 million at the end of the 12-month period, representing 8% of the company’s capital.

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