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.
| 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.
| 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 %) |
| Item | Q2 2019 | Q3 2019 | Change |
|---|---|---|---|
| Revenues | 92.63 | 84.59 | (8.7 %) |
| Gross Income | 17.83 | 17.29 | (3.0 %) |
| Operating Income | 7.11 | 5.86 | (17.5 %) |
| Net Income | 4.36 | 4.78 | 9.6 % |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.22 | 0.24 | 9.6 % |
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