Abdullah Saad Abo Moati for Bookstores Co. reported a net profit after zakat and tax of SAR 0.99 million for the three-months period ending on June 30, 2019, a 35.7 percent year-on-year (YoY) decrease.
The drop in earnings was attributed to higher selling and distribution expenses, as well as higher finance charges. Other revenue also dropped for the quarter on a decrease in leasing revenue.
|Gross Income||8.66||9.14||5.5 %|
|Operating Income||1.95||2.01||2.8 %|
|Net Income||1.54||0.99||(35.9 %)|
|EPS (Riyal)||0.08||0.05||(35.9 %)|
On a sequential basis, profit plunged 78.5 percent for the period compared to the previous quarter, due to a seasonal drop in sales.