Anaam International Holding Group turned to a net profit after Zakat and tax of SAR 17.1 million in the first nine months of 2021, against a net loss of SAR 1.3 million in the corresponding period a year ago.
This was driven by a 32% drop year-on-year (YoY) in the cost of sales for the current period, in addition to a SAR 25.2 million in gains from writing off discontinued operations assets in Al Jouf Project, which sent the period comprehensive income to SAR 17.1 million.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 6.38 | 5.85 | (8.4 %) |
| Gross Income | 0.79 | 2.03 | 157.0 % |
| Operating Income | (4.32) | (8.49) | (96.3 %) |
| Net Income | (1.30) | 20.17 | 1657.2 % |
| Average Shares | 617.32 | 622.01 | 0.8 % |
| EPS (Halala) | (0.21) | 3.24 | 1645.5 % |
In Q3 2021, Anaam also swung to a net profit after Zakat and tax of SAR 21.74 million, against a net loss of SAR 1.14 million in the prior-year period.
Anaam turns to profitability in Q3 2021, versus a net loss of SAR 1.9 million in Q2 2021
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 1.50 | 1.94 | 29.5 % |
| Gross Income | (0.65) | 0.70 | 208.2 % |
| Operating Income | (2.21) | (3.22) | (45.5 %) |
| Net Income | (1.14) | 21.99 | 2023.4 % |
| Average Shares | 617.32 | 622.01 | 0.8 % |
| EPS (Halala) | (0.19) | 3.53 | 2009.0 % |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 1.91 | 1.94 | 1.9 % |
| Gross Income | 0.60 | 0.70 | 16.8 % |
| Operating Income | (2.52) | (3.22) | (27.7 %) |
| Net Income | 0.65 | 21.99 | 3292.7 % |
| Average Shares | 622.01 | 622.01 | - |
| EPS (Halala) | 0.10 | 3.53 | 3292.7 % |
Shareholders’ equity, after minority interest, stood at SAR 106.065 million by the end of the nine-month period, compared to SAR 14.494 million a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}