Anaam International Holding Group achieved net profits of 346 thousand riyals in the second quarter of this year, compared to 3.865 million riyals losses during the same quarter of last year.
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According to Arabiya Net, the reason for achieving profits for the current quarter is due to the loss of general and administrative expenses by 20%, the decrease in selling and distribution expenses by 81%, and the decrease in expenses and revenues. The second quarter for the current quarter compared to the same quarter despite the increase in profits from selling fixed assets for the current quarter compared to the same quarter of the previous year, as a result of stopping the cultivation of fodder and selling the assets for the cultivation of fodder, according to the company’s statement to the Saudi Stock Exchange Tadawul.
The company’s data showed achieving net losses during the first half of 153 thousand riyals, compared to 8 million riyals losses during the corresponding period.
(Amazon fun knowledge)
