IssuerAnnouncementDetailsV2Portlet
Actions
Anaam International Holding Group announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 51,156 | 28,111 | 81.98 | ||
| Gross Profit (Loss) | 32,859 | 13,488 | 143.62 | ||
| Operational Profit (Loss) | 27,732 | 12,861 | 115.63 | ||
| Net profit (Loss) | 16,142 | -29,227 | - | ||
| Total Comprehensive Income | 10,759 | -31,465 | - | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 294,623 | 281,460 | 4.68 | ||
| Profit (Loss) per Share | 0.02 | -0.07 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | 17,002 | 5 | |
| Accumulated Losses | 25,661 | 8 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reason of the increase in the revenues during the current year compared to the last year: The rental income realized during this year from the Anaam building on Prince Sultan street is for the full year compared to only six months in the previous year. Increase in revenue of the Saudi Wasit Entertainment and Beauty Systems Company for the industry for the year 2023 compared with 2022 by 241% . |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason of the increase in the net profit during the current year compared to the last year is: Due to the loss incurred in trading stock and impairment of goodwill associated with the subsidiaries for the year 2022 compared to the current year. |
| Statement of the type of external auditor's report | Notice |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Material uncertainty related to going concern We draw attention to note 2.4 to the consolidated financial statements which indicates that at the reporting date, the Group has accumulated losses amounted to SR 25.7 million and its current liabilities exceeded current assets by SR 104.7 million. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter. Emphasis of Matters We draw attention to the following: - As stated in note no. 5 to the accompanying consolidated financial statements, the property, plant and equipment includes a plot of land amounting to SR 14 million for which the ownership and the title deed is not yet registered in the name of the Group. - As stated in note no. 7 to the accompanying consolidated financial statements, the investment properties include a plot of land with a fair value of SR 16.5 million of which the ownership and the title deed is not yet registered in the name of the Company. Our opinion is not modified in respect to these matters. |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to match the current years classification . |
| Additional Information | The gross profit has increased by 144% compared to the previous year mainly as a result of a 82% increase in sales. The accumulated losses till end of the period 31/12/2023 are 25,661 million Saudi riyals, its 8% of the capital, as of December 31, 2023. |
| Attached Documents |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
Key Parameters
Last Price 1.07
Net Change 0.0 (0.0%)
Value Traded (Sar) 12,332,468.53
Volume Traded 11,588,065
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions