Anaam’s shares continue to lead the gainers after it swings to profits in H1

Update Anaam’s shares continue to lead the gainers after it swings to profits in H1
Anaam’accumulated losses reached SR7.23 million, representing 2.3 percent of capital, as of June 30, 2022. (Shutterstock)
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Updated 26 September 2022
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Anaam’s shares continue to lead the gainers after it swings to profits in H1

Anaam’s shares continue to lead the gainers after it swings to profits in H1

RIYADH: Shares of Saudi poultry processing firm Anaam International Holding Co. topped the market gainers since early trade after it turned a profit of SR1.6 million ($425,599) in the first half of 2022, against a loss of SR2.4 million in the year-earlier period.

Anaam’s shares surged 9.94 percent to close the session at SR20.8 percent.

Anaam attributed its performance to an 84 percent surge in sales and revenue during the first six months of the year to reach SR7.2 million, according to a bourse filing.

Its accumulated losses reached SR7.23 million, representing 2.3 percent of capital, as of June 30, 2022.