Anaam International Holding Group trimmed net loss after Zakat and tax to SAR 153,000 for the first half of 2020, from SAR 8.1 million in the same period last year.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Revenues | 4.34 | 4.88 | 12.5 % |
| Gross Income | 0.42 | 1.44 | 245.4 % |
| Operating Income | (4.03) | (2.11) | 47.6 % |
| Net Income | (8.08) | (0.15) | 98.1 % |
| Average Shares | 617.32 | 617.32 | - |
| EPS (Halala) | (1.31) | (0.02) | 98.1 % |
The decline in loss was attributed to higher sales, lower cost of sales, and decline in general and administrative expenses, as well as selling and distribution costs.
| Item | Q2 2019 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 1.79 | 1.58 | (11.6 %) |
| Gross Income | 0.29 | 0.17 | (42.5 %) |
| Operating Income | (1.87) | (1.33) | 28.7 % |
| Net Income | (3.87) | 0.35 | 108.9 % |
| Average Shares | 617.32 | 617.32 | - |
| EPS (Halala) | (0.63) | 0.06 | 108.9 % |
| Item | Q1 2020 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 3.30 | 1.58 | (52.1 %) |
| Gross Income | 1.27 | 0.17 | (87.0 %) |
| Operating Income | (0.78) | (1.33) | (70.3 %) |
| Net Income | (0.50) | 0.35 | 169.3 % |
| Average Shares | 617.32 | 617.32 | - |
| EPS (Halala) | (0.08) | 0.06 | 169.3 % |
The company turned to profit of SAR 346,000 in Q2 2020 from a net loss of SAR 3.9 million a year earlier.
When compared to the previous quarter, the company turned to a profit against a loss of SAR 498,000.
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