Anaam International Holding Group trimmed net loss after Zakat and tax by 88% year-on-year (YoY) to SAR 500,000 for the first quarter of 2020, driven by higher operating profit, increased revenue and sales, and lower cost of sales.
On a sequential basis, the company narrowed losses by 99%, due to higher sales, lower cost of sales and increased operating profit.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 2.55 | 3.30 | 29.4 % |
| Gross Income | (2.61) | 1.27 | 148.7 % |
| Operating Income | (4.90) | (0.78) | 84.0 % |
| Net Income | (4.22) | (0.50) | 88.2 % |
| Average Shares | 617.32 | 617.32 | - |
| EPS (Halala) | (0.68) | (0.08) | 88.2 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 2.03 | 3.30 | 62.8 % |
| Gross Income | (8.57) | 1.27 | 114.8 % |
| Operating Income | (14.00) | (0.78) | 94.4 % |
| Net Income | (86.90) | (0.50) | 99.4 % |
| Average Shares | 617.32 | 617.32 | - |
| EPS (Halala) | (14.08) | (0.08) | 99.4 % |
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