Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) reported a net profit after Zakat and tax of SAR 14.4 million for the nine months period ended Dec. 31, 2021, compared to SAR 4.5 million in the same period last year.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 164.81 | 208.79 | 26.7 % |
| Gross Income | 34.19 | 47.45 | 38.8 % |
| Operating Income | 7.42 | 16.86 | 127.3 % |
| Net Income | 4.50 | 14.42 | 220.6 % |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.22 | 0.72 | 220.6 % |
The profit surge was driven by a 32.27% year-on-year (YoY) climb in sales due to the return of commercial activities to normal. In addition, the company reported a decrease in financing expenses.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 68.39 | 90.46 | 32.3 % |
| Gross Income | 13.89 | 19.37 | 39.4 % |
| Operating Income | 4.21 | 8.18 | 94.2 % |
| Net Income | 3.00 | 7.20 | 140.4 % |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.15 | 0.36 | 140.4 % |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 72.95 | 90.46 | 24.0 % |
| Gross Income | 17.59 | 19.37 | 10.1 % |
| Operating Income | 6.68 | 8.18 | 22.4 % |
| Net Income | 5.31 | 7.20 | 35.5 % |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.27 | 0.36 | 35.5 % |
Abo Moati reported a net profit of SAR 7.2 million in Q3 ending Dec. 31, 2021, a 140% gain from SAR 3 million in the same quarter last year on higher sales.
On a sequential basis, net profit grew 35.5% from SAR 5.31 million in Q2 2021/22.
Total shareholders’ equity, excluding minority interest, reached SAR 237.6 million at the end of Dec. 31, 2021, compared to SAR 232 million in the same period last year.
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