Abdullah Saad Mohammed Abo Moati for Bookstores Co.’s (Abo Moati) net profit after Zakat and tax surged 183% to SAR 15.1 for the fiscal year ended March 31, 2022, compared to SAR 5.3 million in the year-earlier period.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 230.03 | 282.30 | 22.7 % |
| Gross Income | 47.10 | 64.86 | 37.7 % |
| Operating Income | 5.63 | 22.52 | 299.7 % |
| Net Income | 5.33 | 15.10 | 183.3 % |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.27 | 0.76 | 183.3 % |
The profit rise was driven by a 22.72% increase year-on-year (YoY) in sales as commercial activities normalized and in-person school attendance resumed for all age groups.
In addition, the company reported a rise in rental income and a decrease in financing expenses YoY.
The company reported a net profit of SAR 680,000 in the fourth quarter, a 91% slump from SAR 7.20 million in the year-earlier period.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 65.21 | 73.51 | 12.7 % |
| Gross Income | 12.91 | 17.41 | 34.8 % |
| Operating Income | (1.78) | 5.66 | 417.2 % |
| Net Income | 0.84 | 0.68 | (18.3 %) |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.04 | 0.03 | (18.3 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 90.46 | 73.51 | (18.7 %) |
| Gross Income | 19.37 | 17.41 | (10.1 %) |
| Operating Income | 8.18 | 5.66 | (30.8 %) |
| Net Income | 7.20 | 0.68 | (90.5 %) |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.36 | 0.03 | (90.5 %) |
Total shareholders’ equity, after minority interest, rose 2.2% YoY to SAR 237.70 million as of March 31, 2022.
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