Anaam International Holding Group turned to a net profit of SAR 2.9 million for the first half of 2022, against a net loss of SAR 1.8 million in the year-earlier period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 3.90 | 7.19 | 84.2 % |
| Gross Income | 1.33 | 0.47 | (64.3 %) |
| Operating Income | (5.27) | (8.34) | (58.3 %) |
| Net Income | (1.82) | 2.89 | 258.6 % |
| Average Shares | 622.01 | 630.00 | 1.3 % |
| EPS (Halala) | (0.29) | 0.46 | 256.6 % |
The positive results were driven by increased revenue of the newly-acquired entity, revaluation of investment properties and gains from the other investments. This came despite a 64% plunge year-on-year (YoY) in gross profit, due to the higher cost of sales for the newly-acquired entity. Overall, the cost of sales increased by 161% YoY despite an 84% rise in revenue.
In Q2 2022, Anaam turned to net losses of SAR 1.2 million, from a net profit of SAR 650,000 in the prior-year period, on the higher cost of sales related to the newly-acquired entity and lower fair value of other investments.
Anaam turned to a loss from a profit of SAR 3.52 million in Q1 2022.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 1.91 | 3.97 | 108.3 % |
| Gross Income | 0.60 | 0.20 | (67.3 %) |
| Operating Income | (2.52) | (1.96) | 22.2 % |
| Net Income | 0.65 | (1.15) | (276.8 %) |
| Average Shares | 622.01 | 630.00 | 1.3 % |
| EPS (Halala) | 0.10 | (0.18) | (274.6 %) |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 3.22 | 3.97 | 23.4 % |
| Gross Income | 0.28 | 0.20 | (29.5 %) |
| Operating Income | (6.39) | (1.96) | 69.3 % |
| Net Income | 4.03 | (1.15) | (128.4 %) |
| Average Shares | 622.01 | 630.00 | 1.3 % |
| EPS (Halala) | 0.65 | (0.18) | (128.0 %) |
Total shareholders’ equity, after minority interest, stood at SAR 307.761 million as of June 30, 2022, compared to SAR 84.329 million a year earlier.
Accumulated losses reached SAR 7.239 million, representing 2.3% of capital, as of June 30, 2022.
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