Abdullah Saad Mohammed Abo Moati for Bookstores Co. reported a net profit after Zakat and tax of SAR 7.2 million for the six months ending Sept. 30, 2021, an increase by more than four-fold, from SAR 1.5 million in the prior-year period.
This profit increase was driven by a 22.72% increase in sales, higher rent revenue and lower financing expenses.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 96.42 | 118.33 | 22.7 % |
| Gross Income | 20.29 | 28.08 | 38.4 % |
| Operating Income | 3.21 | 8.68 | 170.7 % |
| Net Income | 1.50 | 7.22 | 380.8 % |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.08 | 0.36 | 380.8 % |
The company’s Q2 2021/2022 net profit after Zakat and tax jumped by 61% year-on-year (YoY) to SAR 5.3 million, on a 21.06% increase in sales as a result of the resumption of the commercial activities. The company also cited higher rent revenue and lower financing expenses.
On a sequential basis, net profit increased by more than two-fold from SAR 1.91 million in Q1 2021/2022.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 60.26 | 72.95 | 21.0 % |
| Gross Income | 12.40 | 17.59 | 41.9 % |
| Operating Income | 1.88 | 6.68 | 255.2 % |
| Net Income | 3.30 | 5.31 | 60.9 % |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.17 | 0.27 | 60.9 % |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 45.38 | 72.95 | 60.8 % |
| Gross Income | 10.49 | 17.59 | 67.8 % |
| Operating Income | 2.00 | 6.68 | 234.9 % |
| Net Income | 1.91 | 5.31 | 178.1 % |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.10 | 0.27 | 178.1 % |
Total shareholders’ equity, after deducting minority equity, inched up 0.58% YoY to SAR 230.97 million for the six-month period.
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