Anaam International : إعلان تصحيحي من مجموعة أنعام الدولية القابضة بخصوص الاعلان عن النتائج المالية ال&#

A4061 ANAAM HOLDING0.0 (0.0 %)
1443/04/09 Sun Nov 14, 2021 15:25:40

Correction announcement from Anaam International Holding Group in regards to announces its Financial Results for the Period Ending on 30-09-2021 (Nine Months) .

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Element List	Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website	2021-11-11 Corresponding to 1443-04-06
URL of the Previous Announcement	Click Here
Incorrect statements in the previous announcement	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 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 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.
Correct Statement	The reason in the increase of loss for the current quarter (third of 2021) compared to same quarter of the previous year is due to: An increase in net loss for the current quarter compared to the same quarter of the previous year is due to the increase in general & administrative expenses as a result of the increase in staff costs which led to a higher operating loss for the current quarter compared to the same quarter of pervious year. Although 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 better gross profit for the current quarter compared to a gross loss for the same quarter of the previous year. The group has gained 24.6 million riyals by the disposal of discontinued assets of Al-Jouf project during the current quarter resulting into a comprehensive income of 21.7 million riyals The reason for the increase of losses for the current quarter (third of 2021) compared to the previous quarter of the same year is due to: The reason for increase of net losses for the current quarter compared to the previous quarter of the current year is mainly due to the higher general & administrative expenses as a result of the increase in staff costs despite there is an increase in sales and other income which has contributed to the better gross profit for the current quarter compared to the previous quarter. The Group has gained 24.6 million riyals by the disposal of discontinued assets of Al-Jouf project during the current quarter resulting into a comprehensive income of 21.7 million riyals. The reason for increase of losses during the current period compared to the same period of the previous year is due to the following: The reason for the increase of losses for the current period compared to the same period last year is due to the 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. Although there is a considerable decrease in the cost of sales for the current period by 32% as a result of a decrease feed sales, that positively affected achieving in higher gross profit for the current period by 157% compared to the same period of the previous year. The Group has gained 25.2 million riyals by the disposal of discontinued assets of Al-Jouf project during the current period resulting into a comprehensive income of 17.1 million riyals.
Additional Information	We also note that the procedures for suspending trading operations in Tadawul will be carried out in accordance with the listing rules.

The Capital Market Authority and the Saudi Stock 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.