Anaam widens FY19 net losses to SAR 97.8 mln

20/02/2020 Argaam Exclusive

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Anaam International Holding Group (ANAAM HOLDING)

Anaam International Holding Group widened net losses after Zakat and tax to SAR 97.8 million for the fiscal year 2019, compared to net losses of SAR 15 million a year earlier, due to an additional Zakat and income provision worth SAR 88 million.

 

Annual sales plunged 79% due to a decrease in the agricultural segment sales.



Financials (M)

Item 2018 2019 Change‬
Revenues 40.72 8.41 (79.3 %)
Gross Income (2.59) (7.65) (195.4 %)
Operating Income (15.38) (19.32) (25.6 %)
Net Income (15.00) (97.76) (551.6 %)
Average Shares 617.32 617.32 -
EPS (Halala) (2.43) (15.84) (551.6 %)

In Q4 2019, the company reported a net loss of SAR 86.9 million, compared to a net loss of SAR 8.7 million in year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 4.74 2.03 (57.2 %)
Gross Income (4.91) (8.57) (74.7 %)
Operating Income (8.70) (14.00) (61.0 %)
Net Income (8.67) (86.90) (902.5 %)
Average Shares 617.32 617.32 -
EPS (Halala) (1.40) (14.08) (902.5 %)

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