Anaam H1 2023 profit up to SAR 4.1 mln; Q2 at SAR 1.8 mln

Anaam H1 2023 profit up to SAR 4.1 mln; Q2 at SAR 1.8 mln

10/08/2023 Argaam Exclusive

View other reports

Anaam International Holding Group logged a net profit after deducting minority equity of SAR 4.1 million in the first half of 2023, compared with SAR 1.6 million in the year-earlier period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 7.19 25.09 249.0 %
Gross Income 0.47 13.17 2678.9 %
Operating Income (8.34) 2.64 131.7 %
Net Income 2.89 5.51 90.8 %
Average Shares 630.00 630.00 -
EPS (Halala) 0.46 0.87 90.8 %

This was driven by higher revenues from investment properties and subsidiaries.



Current Quarter Comparison (M)

Compared With The
Item Q2 2022 Q2 2023 Change‬
Revenues 3.97 13.00 227.5 %
Gross Income 0.20 6.98 3460.2 %
Operating Income (1.96) 1.68 186.0 %
Net Income (1.15) 2.18 290.1 %
Average Shares 630.00 630.00 -
EPS (Halala) (0.18) 0.35 290.1 %

In Q2 2023, Anaam turned to a net profit of SAR 1.76 million from a net loss of SAR 1.78 million in the prior-year period, for the same reasons above.

 

Compared with the previous quarter, Anaam's Q2 2023 net earnings dropped 47.1% from SAR 3.33 million.

 

Total shareholders’ equity, after minority interest, stood at SAR 280 million as of June 30, 2023, compared to SAR 308 million a year earlier.

 

Accumulated losses reached SAR 34.83 million, representing 11% of capital, as of June 30, 2023.



Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Halala)
Q1 2014 28.90 (44.8 %) (2.10) (154.7 %) (7.54) (35.1 %) (1.22)
Q2 2014 28.56 (45.9 %) 6.77 27.3 % (1.77) 77.6 % (0.29)
Q3 2014 32.03 (44.5 %) 2.62 (8.7 %) (2.59) 65.6 % (0.42)
Q4 2014 14.01 (52.0 %) 5.45 142.2 % (13.81) (19.4 %) (2.24)
Q1 2015 13.54 (53.1 %) 3.68 275.0 % 1.52 120.2 % 0.25
Q2 2015 29.36 2.8 % 11.50 69.8 % 6.84 485.9 % 1.11
Q3 2015 32.77 2.3 % 15.45 490.3 % 10.48 504.7 % 1.70
Q4 2015 13.29 (5.1 %) 7.38 35.5 % 2.11 115.3 % 0.34
Q1 2016 9.79 (27.7 %) (0.59) (116.0 %) (2.83) (285.6 %) (0.46)
Q2 2016 25.81 (12.1 %) 8.69 (24.4 %) 4.98 (27.1 %) 0.81
Q3 2016 17.21 (47.5 %) 0.63 (95.9 %) (2.81) (126.8 %) (0.46)
Q4 2016 13.61 2.4 % (7.75) (205.1 %) (12.72) (702.6 %) (2.06)
Q1 2017 4.74 (51.6 %) (0.96) (63.0 %) (4.57) (61.5 %) (0.74)
Q2 2017 13.82 (46.5 %) (1.61) (118.5 %) (5.55) (211.4 %) (0.90)
Q3 2017 15.63 (9.2 %) (3.70) (684.7 %) (7.33) (160.7 %) (1.19)
Q4 2017 9.15 (32.8 %) (4.10) 47.1 % (10.32) 18.9 % (1.67)
Q1 2018 5.21 9.9 % (2.49) (159.1 %) (5.64) (23.4 %) (0.91)
Q2 2018 14.88 7.6 % 5.02 412.3 % 2.14 138.6 % 0.35
Q3 2018 15.90 1.7 % (0.21) 94.3 % (2.84) 61.2 % (0.46)
Q4 2018 4.74 (48.2 %) (4.91) (19.6 %) (8.67) 16.0 % (1.40)
Q1 2019 2.55 (51.0 %) (2.61) (4.9 %) (4.22) 25.2 % (0.68)
Q2 2019 1.79 (88.0 %) 0.29 (94.3 %) (3.87) (280.3 %) (0.63)
Q3 2019 2.05 (87.1 %) 0.51 341.2 % (2.78) 2.3 % (0.45)
Q4 2019 2.03 (57.2 %) (8.57) (74.7 %) (86.90) (902.5 %) (14.08)
Q1 2020 3.30 29.4 % 1.27 148.7 % (0.50) 88.2 % (0.08)
Q2 2020 1.58 (11.6 %) 0.17 (42.5 %) 0.35 108.9 % 0.06
Q3 2020 1.50 (26.7 %) (0.65) (227.3 %) (1.14) 58.8 % (0.19)
Q4 2020 1.81 (10.6 %) 0.45 105.2 % (4.70) 94.6 % (0.75)
Q1 2021 2.00 (39.5 %) 0.73 (42.8 %) (2.47) (394.6 %) (0.40)
Q2 2021 1.91 20.6 % 0.60 263.6 % 0.65 87.3 % 0.10
Q3 2021 1.94 29.5 % 0.70 208.2 % 21.99 2023.4 % 3.53
Q4 2021 1.89 4.4 % 0.58 30.3 % (16.43) (249.9 %) (2.64)
Q1 2022 3.22 61.2 % 0.28 (61.8 %) 4.03 263.4 % 0.65
Q2 2022 3.97 108.3 % 0.20 (67.3 %) (1.15) (276.8 %) (0.18)
Q3 2022 10.61 445.9 % 6.17 780.5 % 8.11 (63.1 %) 1.29
Q4 2022 10.32 445.3 % 6.84 1079.7 % (39.32) (139.3 %) (6.24)
Q1 2023 10.97 240.7 % 6.38 2196.0 % 3.33 (17.4 %) 0.53
Q2 2023 13.00 227.5 % 6.98 3460.2 % 2.18 290.1 % 0.35

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2014 (4.04 %) (21.27 %) (30.07 %)
Q2 2014 (3.71 %) (16.08 %) (30.86 %)
Q3 2014 (4.72 %) (12.64 %) (33.37 %)
Q4 2014 12.30 % 32.58 % (10.37 %)
Q1 2015 21.00 % 46.94 % (1.89 %)
Q2 2015 26.13 % 60.05 % 7.81 %
Q3 2015 40.23 % 55.04 % 22.32 %
Q4 2015 42.73 % 74.40 % 23.55 %
Q1 2016 39.60 % 73.05 % 19.48 %
Q2 2016 37.89 % 64.22 % 18.06 %
Q3 2016 24.38 % 80.83 % 2.20 %
Q4 2016 1.49 % 18.63 % (17.20 %)
Q1 2017 1.00 % 19.43 % (21.45 %)
Q2 2017 (19.61 %) 12.12 % (47.99 %)
Q3 2017 (29.33 %) 11.88 % (59.04 %)
Q4 2017 (23.93 %) 14.36 % (64.08 %)
Q1 2018 (27.16 %) 11.38 % (65.83 %)
Q2 2018 (11.76 %) 17.29 % (47.12 %)
Q3 2018 (3.96 %) 15.71 % (36.90 %)
Q4 2018 (6.36 %) 16.93 % (36.84 %)
Q1 2019 (7.12 %) 19.57 % (35.69 %)
Q2 2019 (29.79 %) (23.15 %) (78.46 %)
Q3 2019 (60.40 %) (17.74 %) (175.53 %)
Q4 2019 (123.46 %) (123.74 %) (1162.23 %)
Q1 2020 (70.97 %) (99.01 %) (1026.49 %)
Q2 2020 (73.98 %) (59.43 %) (1003.18 %)
Q3 2020 (92.54 %) (172.62 %) (1048.89 %)
Q4 2020 15.06 % (54.02 %) (73.12 %)
Q1 2021 10.00 % (83.02 %) (115.55 %)
Q2 2021 15.58 % (86.10 %) (106.15 %)
Q3 2021 32.30 % (83.57 %) (118.87 %)
Q4 2021 33.71 % (163.59 %) (269.29 %)
Q1 2022 24.10 % (182.93 %) (260.16 %)
Q2 2022 15.92 % (144.16 %) (152.71 %)
Q3 2022 36.71 % (60.35 %) (38.39 %)
Q4 2022 47.98 % (36.55 %) (13.14 %)
Q1 2023 54.64 % (5.39 %) 9.72 %
Q2 2023 58.75 % 3.79 % (3.25 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) Book Value (BV)
Q1 2014 617.32 (5.60) (8.21) 0.30
Q2 2014 617.32 (4.60) (7.22) 0.29
Q3 2014 617.32 (3.80) (6.42) 0.29
Q4 2014 617.32 (4.17) (1.74) 0.27
Q1 2015 617.32 (2.70) (0.27) 0.26
Q2 2015 617.32 (1.30) 1.13 0.28
Q3 2015 617.32 0.81 3.24 0.30
Q4 2015 617.32 3.39 3.39 0.29
Q1 2016 617.32 2.69 2.69 0.27
Q2 2016 617.32 2.39 2.39 0.28
Q3 2016 617.32 0.24 0.24 0.28
Q4 2016 617.32 (2.17) (1.85) 0.26
Q1 2017 617.32 (2.45) (2.13) 0.26
Q2 2017 617.32 (4.16) (3.84) 0.25
Q3 2017 617.32 (4.89) (4.57) 0.24
Q4 2017 617.32 (4.50) (4.50) 0.21
Q1 2018 617.32 (4.67) (4.67) 0.20
Q2 2018 617.32 (3.42) (3.42) 0.21
Q3 2018 617.32 (2.70) (2.70) 0.20
Q4 2018 617.32 (2.43) (2.43) 0.18
Q1 2019 617.32 (2.20) (2.20) 0.18
Q2 2019 617.32 (3.17) (3.17) 0.17
Q3 2019 617.32 (3.16) (3.16) 0.17
Q4 2019 617.32 (15.84) (15.84) 0.03
Q1 2020 617.32 (15.23) (15.23) 0.02
Q2 2020 617.32 (14.55) (14.55) 0.03
Q3 2020 617.32 (14.29) (14.29) 0.02
Q4 2020 622.01 (0.96) (0.96) 0.14
Q1 2021 622.01 (1.28) (1.28) 0.14
Q2 2021 622.01 (1.23) (1.23) 0.14
Q3 2021 622.01 2.49 (1.46) 0.20
Q4 2021 622.01 0.60 (3.35) 0.17
Q1 2022 622.01 1.65 (3.75) 0.18
Q2 2022 630.00 1.34 (2.67) 0.49
Q3 2022 630.00 (0.86) (1.20) 0.50
Q4 2022 630.00 (4.50) (0.59) 0.44
Q1 2023 630.00 (4.61) 0.55 0.44
Q2 2023 630.00 (4.08) (0.23) 0.44

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2014 NEG NEG 5.48
Q2 2014 NEG NEG 6.26
Q3 2014 NEG NEG 6.52
Q4 2014 NEG NEG 4.79
Q1 2015 NEG NEG 4.95
Q2 2015 NEG More than 100 4.66
Q3 2015 More than 100 27.96 3.05
Q4 2015 29.75 29.75 3.44
Q1 2016 31.26 31.26 3.08
Q2 2016 34.48 34.48 2.93
Q3 2016 More than 100 More than 100 2.14
Q4 2016 NEG NEG 3.11
Q1 2017 NEG NEG 3.19
Q2 2017 NEG NEG 2.99
Q3 2017 NEG NEG 3.10
Q4 2017 NEG NEG 3.26
Q1 2018 NEG NEG 2.76
Q2 2018 NEG NEG 2.67
Q3 2018 NEG NEG 2.41
Q4 2018 NEG NEG 3.60
Q1 2019 NEG NEG 3.15
Q2 2019 NEG NEG 2.56
Q3 2019 NEG NEG 2.50
Q4 2019 NEG NEG 22.83
Q1 2020 NEG NEG 18.53
Q2 2020 NEG NEG 20.06
Q3 2020 NEG NEG 41.79
Q4 2020 NEG NEG 13.65
Q1 2021 NEG NEG 15.86
Q2 2021 NEG NEG 16.12
Q3 2021 87.02 NEG 10.89
Q4 2021 More than 100 NEG 9.99
Q1 2022 More than 100 NEG 9.51
Q2 2022 82.81 NEG 2.27
Q3 2022 NEG NEG 2.34
Q4 2022 NEG NEG 2.37
Q1 2023 NEG More than 100 2.41
Q2 2023 NEG NEG 2.90

Business Segments (Million)

Compared With The
Period Head office and leasing and others Entertainment and Cosmetology Warehousing Medical supplies Agricultural activities
Q1 2022 0.68 1.44 1.09 - -
Q2 2022 0.74 1.75 0.84 0.64 -
Q3 2022 6.69 1.96 1.39 0.56 -
Q1 2023 6.26 3.33 1.37 - -
Q2 2023 6.41 4.28 1.21 1.09 -

Current
Market Cap (M Riyal) 718.20
Enterprise Value (EV) (M) 857.94
Shares Outstanding ((M)) 630.00
EPS (Halala) (TTM) 2.14
Book Value (BV) ( Riyal) 0.46
Par Value ( Halala) 50.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 2.47
Return on Average Assets (%) (TTM) 2.2
Return on Average Equity (%) (TTM) 4.7

Share Price

Anaam International Holding Group (ANAAM HOLDING)


Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.