Abo Moati profit rises to SAR 16.9 mln in 2022/23; loss of SAR 8.2 mln in Q4

21/06/2023 Argaam Exclusive

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Share Price

Abdullah Saad Mohammed Abo Moati for Bookstores Co.
30.25
0.45 1.51 %

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (ABO MOATI)

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Abdullah Saad Mohammed Abo Moati for Bookstores Co.’s (Abo Moati) net profit edged up to SAR 16.9 million in the fiscal year ended March 31, 2023, from SAR 15.1 million in the previous year.



Financials (M)

Item 2021 2022 Change‬
Revenues 282.30 314.38 11.4 %
Gross Income 64.86 80.41 24.0 %
Operating Income 22.52 30.72 36.4 %
Net Income 15.10 16.92 12.0 %
Average Shares 20.00 20.00 -
EPS (Riyals) 0.76 0.85 12.0 %


Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 73.51 63.37 (13.8 %)
Gross Income 17.41 16.81 (3.5 %)
Operating Income 5.66 3.72 (34.3 %)
Net Income 0.68 (8.22) (1305.8 %)
Average Shares 20.00 20.00 -
EPS (Riyals) 0.03 (0.41) (1305.8 %)

The company said sales rose by 11.36% year-on-year (YoY) as commercial activities returned to normal following the end of COVID-19 restrictions and in-person school attendance resumed for all age groups.

 

The company swung to net loss of SAR 8.2 million in the fourth quarter, compared to a profit of SAR 680,000 in the year-earlier period.

 

Abo Moati posted a net profit of SAR 8.02 million in Q3 2022/23.

Total shareholder equity, no minority interest, amounted to SAR 242.82 million as of March 31, 2023, compared to SAR 237.70 million a year earlier.

 

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