Abdullah Saad Mohammed Abo Moati for Bookstores Co. reported a net profit after Zakat and tax of SAR 1.5 million for the six months ended Sept. 30, 2020, a 72% decline, compared to a profit of SAR 5.4 million in the same period last year.
The company attributed the net profit decline to lower sales as a result of the spread of the Corona pandemic and precautionary measures taken by the government.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Revenues | 136.95 | 96.42 | (29.6 %) |
| Gross Income | 26.96 | 20.29 | (24.7 %) |
| Operating Income | 9.11 | 3.21 | (64.8 %) |
| Net Income | 5.35 | 1.50 | (71.9 %) |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.27 | 0.08 | (71.9 %) |
The company reported a net profit of SAR 780,000 for Q2 2020/2021, an 82% year-on-year (YoY), decline.
On a sequential basis, Q2 2020/ 2021 net profit grew 8.3% due to higher sales.
| Item | Q2 2019 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 92.63 | 60.26 | (34.9 %) |
| Gross Income | 17.83 | 12.40 | (30.4 %) |
| Operating Income | 7.11 | 1.88 | (73.5 %) |
| Net Income | 4.36 | 3.30 | (24.2 %) |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.22 | 0.17 | (24.2 %) |
| Item | Q1 2020 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 36.16 | 60.26 | 66.7 % |
| Gross Income | 7.90 | 12.40 | 57.0 % |
| Operating Income | 1.32 | 1.88 | 42.1 % |
| Net Income | (1.80) | 3.30 | 283.4 % |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | (0.09) | 0.17 | 283.4 % |
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