Anaam International Holding Group narrowed net loss after Zakat and tax by 88% year-on-year (YoY) to SAR 1.3 million for the first nine months of 2020, driven by lower general and administrative expenses (G&As).
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Revenues | 6.38 | 6.38 | 0.0 % |
| Gross Income | 0.93 | 0.79 | (14.7 %) |
| Operating Income | (5.32) | (4.32) | 18.8 % |
| Net Income | (10.86) | (1.30) | 88.1 % |
| Average Shares | 617.32 | 617.32 | - |
| EPS (Halala) | (1.76) | (0.21) | 88.1 % |
The third-quarter net loss after Zakat and tax shrank 58.8% YoY to SAR 1.1 million, backed by lower G&As and decreased selling and distribution expenses.
On a sequential basis, Anaam turned to loss in Q3 2020, from SAR 346,000 profit in Q2 2020.
| Item | Q3 2019 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 2.05 | 1.50 | (26.7 %) |
| Gross Income | 0.51 | (0.65) | (227.3 %) |
| Operating Income | (1.29) | (2.21) | (71.1 %) |
| Net Income | (2.78) | (1.14) | 58.8 % |
| Average Shares | 617.32 | 617.32 | - |
| EPS (Halala) | (0.45) | (0.19) | 58.8 % |
| Item | Q2 2020 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 1.58 | 1.50 | (5.1 %) |
| Gross Income | 0.17 | (0.65) | (492.7 %) |
| Operating Income | (1.33) | (2.21) | (65.9 %) |
| Net Income | 0.35 | (1.14) | (430.3 %) |
| Average Shares | 617.32 | 617.32 | - |
| EPS (Halala) | 0.06 | (0.19) | (430.3 %) |
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