Financial Results : Abo Moati profit rises to SAR 1.9 mln in Q1 2021/22

Abo Moati profit rises to SAR 1.9 mln in Q1 2021/22

10/08/2021 Argaam Exclusive

View other reports

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) reported a net profit after Zakat and tax of SAR 1.9 million for the first quarter ending June 2021, compared to a net loss of SAR 1.8 million in the same period last year.

 

The profit hike was attributed to a 25.5% increase year-on-year (YoY) in sales due to the return of normal commercial activities in the current quarter. In addition, the company reported higher rental income and a decline in operating and financing expenses YoY.

When compared to Q4 2020/2021, net profit surged 130% from SAR 830,000, despite sales falling 31.62% quarter-on-quarter due to lower operating expenses.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 36.16 45.38 25.5 %
Gross Income 7.90 10.49 32.8 %
Operating Income 1.32 2.00 50.8 %
Net Income (1.80) 1.91 206.1 %
Average Shares 20.00 20.00 -
EPS (Riyals) (0.09) 0.10 206.1 %

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.