Abo Moati’s net profit 19% down in 9M ended Dec. 31, 2019

04/02/2020 Argaam Exclusive

Abdullah Saad Mohammed Abo Moati for Bookstores Co. reported a net profit after Zakat and tax of SAR 11.02 million for the nine months ended Dec. 31, 2019, almost a 19% year-on-year (YoY) decrease, the company said in a bourse statement on Tuesday.



Financials (M)

Item 9m 2018 9m 2019 Change‬
Revenues 239.68 221.55 (7.6 %)
Gross Income 44.88 44.25 (1.4 %)
Operating Income 17.73 14.98 (15.5 %)
Net Income 13.60 10.12 (25.6 %)
Average Shares 20.00 20.00 -
EPS (Riyals) 0.68 0.51 (25.6 %)

The drop was attributed to lower sales of ink segment, higher selling and distribution expenses driven by the opening of new branches, in addition to lower other revenue from real estate lease.

 

The company’s net profit for Q3 2019/2020 fell 22.9% YoY to SAR 4.78 million.

 

On a sequential basis, Q3 2019/2020 net profit slid by 9.1% on lower sales due to the seasonal demand nature.



Current Quarter Comparison (M)

Compared With The
Item Q3 2018 Q3 2019 Change‬
Revenues 99.17 84.59 (14.7 %)
Gross Income 17.62 17.29 (1.9 %)
Operating Income 7.47 5.86 (21.5 %)
Net Income 6.19 4.78 (22.9 %)
Average Shares 20.00 20.00 -
EPS (Riyals) 0.31 0.24 (22.9 %)

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