Anaam International Holding Group reported net loss after Zakat and tax of SAR 2.7 million for Q1 2021, compared to net loss of SAR 500,000 in prior-year period, driven by lower operating profit, decreased revenue, and weak sales.
The company also cited an increase in net operating losses, and higher general and administrative expenses (G&As).
On a sequential basis, Anaam narrowed net loss after Zakat and tax by 42%.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 3.30 | 2.00 | (39.5 %) |
| Gross Income | 1.27 | 0.73 | (42.8 %) |
| Operating Income | (0.78) | (2.75) | (252.0 %) |
| Net Income | (0.50) | (2.47) | (394.6 %) |
| Average Shares | 617.32 | 622.01 | 0.8 % |
| EPS (Halala) | (0.08) | (0.40) | (390.9 %) |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 1.81 | 2.00 | 10.2 % |
| Gross Income | 0.45 | 0.73 | 63.4 % |
| Operating Income | (4.39) | (2.75) | 37.3 % |
| Net Income | (4.70) | (2.47) | 47.4 % |
| Average Shares | 622.01 | 622.01 | - |
| EPS (Halala) | (0.75) | (0.40) | 47.4 % |
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