Financial Results : Abo Moati’s net profit jumps 15% in H1

Abo Moati’s net profit jumps 15% in H1

21/11/2018 Argaam Exclusive

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Abdulla Saad Abo Moati For Bookstores Co.’s net profit after zakat and tax jumped 15.4 percent year-on-year (YoY) to SAR 7.4 million in H1 2018 ended Sept. 30, backed by higher sales and expanded retail activities. 



Financials (M)

Item 6m 2017 6m 2018 Change‬
Revenues 127.25 140.50 10.4 %
Gross Income 24.26 27.26 12.4 %
Operating Income 9.35 10.25 9.7 %
Net Income 6.42 7.41 15.4 %
Average Shares 20.00 20.00 -
EPS (Riyals) 0.32 0.37 15.4 %

Q2 net profit after zakat and tax rose 17.6 percent YoY to SAR 5.9 million.

 

When compared to the previous quarter, net profit increased more than three-fold thanks to strong seasonal demand. 



Current Quarter Comparison (M)

Compared With The
Item Q2 2017 Q2 2018 Change‬
Revenues 74.75 92.81 24.2 %
Gross Income 15.12 18.60 23.0 %
Operating Income 6.91 8.30 20.1 %
Net Income 4.99 5.87 17.5 %
Average Shares 20.00 20.00 -
EPS (Riyals) 0.25 0.29 17.5 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 - 5.55 -
Q2 2015 118.38 - 15.11 - 9.52 -
Q3 2015 - - - - - -
Q4 2015 - - - - - -
Q1 2016 73.59 (33.1 %) 7.41 (38.4 %) 1.54 (72.2 %)
Q2 2016 93.62 (20.9 %) 10.55 (30.2 %) 4.95 (48.0 %)
Q3 2016 101.08 - 15.77 - 8.42 -
Q4 2016 114.04 - 16.05 - 8.25 -
Q1 2017 52.51 (28.7 %) 9.15 23.4 % 2.43 57.6 %
Q2 2017 74.75 (20.2 %) 15.12 43.3 % 6.91 39.5 %
Q3 2017 96.67 (4.4 %) 14.86 (5.8 %) 7.72 (8.3 %)
Q4 2017 78.94 (30.8 %) 15.50 (3.4 %) 4.80 (41.8 %)
Q1 2018 47.70 (9.1 %) 8.66 (5.3 %) 1.95 (19.8 %)
Q2 2018 92.81 24.2 % 18.60 23.0 % 8.30 20.1 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 4.42 - 0.22 - 4.42 0.22
Q2 2015 8.06 - 0.40 - 8.06 0.40
Q3 2015 - - - - - -
Q4 2015 - - - - - -
Q1 2016 1.20 (72.8 %) 0.06 - 1.20 0.06
Q2 2016 3.82 (52.6 %) 0.19 - 3.82 0.19
Q3 2016 7.45 - 0.37 - 7.45 0.37
Q4 2016 7.11 - 0.36 - 7.11 0.36
Q1 2017 1.43 18.8 % 0.07 - 1.43 0.07
Q2 2017 4.99 30.6 % 0.25 - 4.99 0.25
Q3 2017 7.04 (5.4 %) 0.35 - 7.04 0.35
Q4 2017 4.67 (34.3 %) 0.23 - 4.67 0.23
Q1 2018 1.54 8.2 % 0.08 - 1.54 0.08
Q2 2018 5.87 17.5 % 0.29 - 5.87 0.29

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 %
Q3 2017 16.32 % 8.27 % 6.09 %
Q4 2017 18.04 % 8.13 % 5.99 %
Q1 2018 18.16 % 8.12 % 6.12 %
Q2 2018 18.23 % 8.11 % 6.05 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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
Q3 2017 20.00 1.03 1.03 10.82
Q4 2017 20.00 0.91 0.91 11.01
Q1 2018 20.00 0.91 0.91 11.09
Q2 2018 20.00 0.96 0.96 10.94

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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
Q3 2017 9.18 9.18 0.87
Q4 2017 11.21 11.21 0.92
Q1 2018 10.05 10.05 0.83
Q2 2018 9.52 9.52 0.83

Current
Market Cap (M Riyal) 586.00
Enterprise Value (EV) (M) 633.34
Shares Outstanding ((M)) 20.00
EPS ( Riyal) (TTM) 1.19
Book Value (BV) ( Riyal) 12.05
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 28.15
P/E (TTM) 24.62
Price/book 2.43
Return on Average Assets (%) (TTM) 7.1
Return on Average Equity (%) (TTM) 9.9

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