Financial Results : Anaam Q1 2023 profit falls 38% to SAR 2.3 mln

Anaam Q1 2023 profit falls 38% to SAR 2.3 mln

23/05/2023 Argaam Exclusive

View other reports

Anaam International Holding Group reported a net profit of SAR 2.3 million for Q1 2023, a decline of 38% from SAR 3.8 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 3.22 10.97 240.7 %
Gross Income 0.28 6.38 2196.0 %
Operating Income (6.39) 2.01 131.4 %
Net Income 4.03 3.33 (17.4 %)
Average Shares 622.01 630.00 1.3 %
EPS (Halala) 0.65 0.53 (18.4 %)

This was due to low earnings achieved from the net present value gain of short-term investments, and higher financing cost for the current quarter compared to the same quarter of 2022.

 

Sequentially, the company turned to a profit from a loss of SAR 40.21 million in Q4 2022, due to the loss incurred in stock trading and impairment of goodwill associated with the subsidiaries for the last quarter.

 

Total shareholders’ equity, after minority interest, stood at SAR 283.80 million as of March 31, 2023, increasing from SAR 105.08 million a year earlier. 

  

Accumulated losses as of March 31, 2023, reached SAR 37 million, representing 11.7% of capital. 

View More Financial Results

 

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.