Abo Moati Bookstore’s 6M net profit rises 25%

06/11/2017 Argaam Exclusive

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Share Price

 

Nomu-listed Abdulla Saad Abo Moati For Bookstores Co. (Abo Moati) reported a net profit of SAR 6.42 million for the six-month period ending Sept. 30, a 25 percent year-on-year (YoY) increase, due to lower cost of sales driven by decreasing inventory, and higher other income.



Financials (M)

Item 6m 2016 6m 2017 Change‬
Revenues 167.21 127.25 (23.9 %)
Gross Income 17.96 24.26 35.1 %
Operating Income 6.44 9.35 45.1 %
Net Income 5.14 6.42 24.9 %
Average Shares 20.00 20.00 -
EPS (Riyals) 0.26 0.32 24.9 %

Net profit for the second quarter rose 30.6 percent YoY to around SAR 5 million on lower cost of sales and higher other income.

 

Q2 net profit more than tripled compared to the previous quarter on the back of higher seasonal demand and a difference in the sales mix. 



Current Quarter Comparison (M)

Compared With The
Item Q2 2016 Q2 2017 Change‬
Revenues 93.62 74.75 (20.2 %)
Gross Income 10.55 15.12 43.3 %
Operating Income 4.95 6.91 39.5 %
Net Income 3.82 4.99 30.6 %
Average Shares 20.00 20.00 -
EPS (Riyals) 0.19 0.25 30.6 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2008 - - - - - - -
Q2 2008 - - - - - - -
Q3 2008 - - - - - - -
Q4 2008 - - - - - - -
Q1 2009 - - - - - - -
Q2 2009 - - - - - - -
Q3 2009 - - - - - - -
Q4 2009 - - - - - - -
Q1 2010 - - - - - - -
Q2 2010 - - - - - - -
Q3 2010 - - - - - - -
Q4 2010 - - - - - - -
Q1 2011 - - - - - - -
Q2 2011 - - - - - - -
Q3 2011 - - - - - - -
Q4 2011 - - - - - - -
Q1 2012 - - - - - - -
Q2 2012 - - - - - - -
Q3 2012 - - - - - - -
Q4 2012 - - - - - - -
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 110.07 - 12.04 - 4.42 - 0.22
Q2 2015 118.38 - 15.11 - 8.06 - 0.40
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 73.59 (33.1 %) 7.41 (38.4 %) 1.20 (72.8 %) 0.06
Q2 2016 93.62 (20.9 %) 10.55 (30.2 %) 3.82 (52.6 %) 0.19
Q3 2016 101.08 - 15.77 - 7.45 - 0.37
Q4 2016 114.04 - 16.05 - 7.11 - 0.36
Q1 2017 52.51 (28.7 %) 9.15 23.4 % 1.43 18.8 % 0.07
Q2 2017 74.75 (20.2 %) 15.12 43.3 % 4.99 30.6 % 0.25

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 13.02 % 6.71 % 5.12 %
Q1 2017 14.26 % 7.35 % 5.48 %
Q2 2017 16.38 % 8.31 % 6.13 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2008 - - - -
Q2 2008 - - - -
Q3 2008 - - - -
Q4 2008 - - - -
Q1 2009 - - - -
Q2 2009 - - - -
Q3 2009 - - - -
Q4 2009 - - - -
Q1 2010 - - - -
Q2 2010 - - - -
Q3 2010 - - - -
Q4 2010 - - - -
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 - - - -
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 20.00 - - -
Q2 2015 20.00 - - 10.13
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 20.00 - - 10.00
Q2 2016 20.00 - - 10.24
Q3 2016 20.00 - - 10.17
Q4 2016 20.00 0.98 0.98 10.52
Q1 2017 20.00 0.99 0.99 10.61
Q2 2017 20.00 1.05 1.05 10.87

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 13.74 13.74 1.28
Q2 2017 9.99 9.99 0.96

Current
Market Cap (M Riyal) 560.00
Enterprise Value (EV) (M) 582.45
Shares Outstanding ((M)) 20.00
EPS ( Riyal) (TTM) 0.80
Book Value (BV) ( Riyal) 11.84
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 19.67
P/E (TTM) 34.86
Price/book 2.36
Return on Average Assets (%) (TTM) 5.2
Return on Average Equity (%) (TTM) 6.6

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