Financial Results : Abo Moati net profit surges to SAR 15.1 mln in FY2021/22, Q4 profit at SAR 680,000

Abo Moati net profit surges to SAR 15.1 mln in FY2021/22, Q4 profit at SAR 680,000

29/06/2022 Argaam Exclusive

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Abdullah Saad Mohammed Abo Moati for Bookstores Co.’s (Abo Moati) net profit after Zakat and tax surged 183% to SAR 15.1 for the fiscal year ended March 31, 2022, compared to SAR 5.3 million in the year-earlier period. 



Financials (M)

Item 2020 2021 Change‬
Revenues 230.03 282.30 22.7 %
Gross Income 47.10 64.86 37.7 %
Operating Income 5.63 22.52 299.7 %
Net Income 5.33 15.10 183.3 %
Average Shares 20.00 20.00 -
EPS (Riyals) 0.27 0.76 183.3 %

The profit rise was driven by a 22.72% increase year-on-year (YoY) in sales as commercial activities normalized and in-person school attendance resumed for all age groups.  

 

In addition, the company reported a rise in rental income and a decrease in financing expenses YoY. 

 

The company reported a net profit of SAR 680,000 in the fourth quarter, a 91% slump from SAR 7.20 million in the year-earlier period. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Revenues 65.21 73.51 12.7 %
Gross Income 12.91 17.41 34.8 %
Operating Income (1.78) 5.66 417.2 %
Net Income 0.84 0.68 (18.3 %)
Average Shares 20.00 20.00 -
EPS (Riyals) 0.04 0.03 (18.3 %)

Total shareholders’ equity, after minority interest, rose 2.2% YoY to SAR 237.70 million as of March 31, 2022. 

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