Anaam turns to SAR 3.9M loss in 9M 2024; Q3 at SAR 8.1M

28/10/2024 Argaam Exclusive

View other reports

Anaam International Holding Group turned to a net loss of SAR 3.9 million for the first nine months of 2024, versus earnings of SAR 6.1 million in the prior-year period

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	37.07	34.43	(7.1 %)
Gross Income	23.18	20.65	(10.9 %)
Operating Income	8.52	(0.71)	(108.3 %)
Net Income	6.14	(3.86)	(162.8 %)
Average Shares	630.00	630.00	-
EPS (Halala)	0.98	(0.61)	(162.8 %)

The company attributed the lossmaking to a 14% year-on-year (YoY) decline in revenue from Saudi Wasit Factory for Entertainment & Beauty Systems. Besides, 9M 2023 had included gains realized from the revaluation of real estate investments.

General and administrative expenses as well as finance costs increased YoY in 9M 2024. Other income also dropped on a yearly basis for the same period.

Anaam also posted SAR 8.1 million losses in Q3 2024, against earnings of SAR 630,000 a year earlier.

Sequentially, the third-quarter losses widened from SAR 400,000 in Q2 2024.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	14.19	11.16	(21.3 %)
Gross Income	9.53	6.55	(31.3 %)
Operating Income	3.89	(4.81)	(223.9 %)
Net Income	0.63	(8.05)	(1369.9 %)
Average Shares	630.00	630.00	-
EPS (Halala)	0.10	(1.28)	(1369.9 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	11.75	11.16	(4.9 %)
Gross Income	7.08	6.55	(7.5 %)
Operating Income	2.31	(4.81)	(308.5 %)
Net Income	(0.40)	(8.05)	(1,921.6 %)
Average Shares	630.00	630.00	-
EPS (Halala)	(0.06)	(1.28)	(1,921.6 %)

Shareholders’ equity, excluding minority interest, grew to SAR 282.18 million by the end of Sept. 30, 2024, compared to SAR 280.80 million in the year-earlier period.

Accumulated losses reached SAR 29.52 million at the end of the nine-month period, representing 9% of the company’s 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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

×