اعلان مجموعة أنعام الدولية القابضة عن النتائج المالية الأولية للفترة المنتهية في 2021-09-30 ( 

A4061 ANAAM HOLDING2.4 (2.69 %)
1443/04/06 Thu Nov 11, 2021 17:20:48

Anaam International Holding Group announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	1,943	1,500	29.533	1,906	1.941
Gross Profit (Loss)	701	-648	-	601	16.638
Operational Profit (Loss)	-3,216	-2,210	45.52	-2,516	27.821
Net Profit (Loss) after Zakat and Tax	-2,837	-1,143	148.206	-2,502	13.389
Total Comprehensive Income	21,735	-1,143	-	-1,896	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	5,846	6,381	-8.384
Gross Profit (Loss)	2,028	789	157.034
Operational Profit (Loss)	-8,487	-4,324	96.276
Net Profit (Loss) after Zakat and Tax	-8,092	-1,295	524.864
Total Comprehensive Income	17,120	-1,295	-
Total Share Holders Equity (after Deducting Minority Equity)	106,065	14,494	631.785
Profit (Loss) per Share	1.63	-0.86
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason for achieving profits for the current quarter (third of 2021) compared to losses for the same quarter of the previous year is due to: Net profit is achieved for the current quarter compared to the losses in same quarter of the previous year is due to the gain on disposal of assets of discontinued operations. Gain of 24.6 million riyals is achieved by selling the assets of Al-Jouf project during the current quarter also there is an increase in sales by 30% and decrease in cost of sales for the current quarter by 42%, which positively affected achieving a gross profit for the current quarter compared to a gross loss for the same quarter of the previous year, increase in general and administrative expenses as a result of the increase in staff costs, led to a higher operating loss for the current quarter compared to the same quarter of pervious year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The reason for achieving profits for the current quarter (third of 2021) compared to realizing losses for the previous quarter of the same year is due to: The reason for achieving net profits for the current quarter compared to the losses in the previous quarter of the current year is mainly due to the gain on disposal of assets of discontinued operations as a result of selling Al-Jouf project during the current quarter at an amount of 24.6 million riyals, the increase in sales and other income has also contributed to the increase in the total profit for the current quarter compared to the previous quarter.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for realizing profits during the current period compared to realizing a loss for the same period of the previous year is due to the following: The reason for realizing a net profit for the current period compared to realizing a loss for the same period last year is due to the realization of gain on disposal of assets of discontinued operations as a result of selling Al-Jouf Agricultural Project during the current period at an amount of 24.6 million riyals and a decrease in the cost of sales for the current period by 32% as a result of a decrease feed sales, which positively affected the increase in gross profit for the current period by 157% compared to the same period of the previous year, increase in general and administrative expenses as a result of the increase in staff costs, led to a higher operating loss for the current period compared to the same period of the previous year.
Statement of the type of external auditor's report	Adverse conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	Basis for adverse conclusion During the three-month period ended September 30, 2021, the Group acquired 51% equity interest in a subsidiary against a consideration of SR 24,480,000. Management of the Group has not consolidated the financial information of the subsidiary in the accompanying interim condensed consolidated financial statements as management of the subsidiary is still in the process of preparing the financial statements of the subsidiary as of the date of the acquisition and as of September 30, 2021, which is not in line with requirements of IAS 34, as endorsed in the Kingdom of Saudi Arabia. Had the financial information of the subsidiary consolidated in the accompanying interim condensed consolidated financial statements, the interim condensed consolidated financial statements would have been materially different. Qualified conclusion Our review indicates that, because the Group has not consolidated the financial information of the subsidiary, as described in the preceding paragraph, the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with IAS 34 that is endorsed in the Kingdom of Saudi Arabia.
Reclassification of Comparison Items	Some comparative figures have been reclassified to conform to the current presentation

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