Abo Moati H1 2024/25 net profit dips to SAR 12.6M; Q2 at SAR 10.7M

06/11/2024 Argaam Exclusive

View other reports

Abdullah Saad Mohammed Abo Moati for Bookstores Co. reported a net profit of SAR 12.6 million for the six-month period ended Sept. 30, 2024, compared to SAR 15.7 million in the year-earlier period. This was driven by a 2.01% slump in sales revenue, lower retail sales, higher general and administrative expenses (G&As) and increased financing cost (FC).

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	138.94	136.15	(2.0 %)
Gross Income	39.97	40.59	1.6 %
Operating Income	17.47	13.68	(21.7 %)
Net Income	15.74	12.61	(19.9 %)
Average Shares	20.00	20.00	-
EPS (Riyals)	0.79	0.63	(19.9 %)

Q2 2024/25 net profit stood at SAR 10.7 million, a decline of 18% year-on-year (YoY) from SAR 13.05 million, on a 1.59% drop in sales revenue, higher G&As, and increased FC.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	89.06	87.63	(1.6 %)
Gross Income	26.26	26.11	(0.6 %)
Operating Income	14.09	11.99	(14.9 %)
Net Income	13.05	10.65	(18.4 %)
Average Shares	20.00	20.00	-
EPS (Riyals)	0.65	0.53	(18.4 %)

Item	Q1 2024	Q2 2024	Change‬
Revenues	48.53	87.63	80.6 %
Gross Income	14.49	26.11	80.2 %
Operating Income	1.69	11.99	610.6 %
Net Income	1.96	10.65	443.7 %
Average Shares	20.00	20.00	-
EPS (Riyals)	0.10	0.53	443.7 %

On a sequential basis, net earnings soared from SAR 1.96 million in Q1 2024/25.

Total shareholders’ equity (no minority equity) stood at SAR 241.06 million by Sept. 30, 2024, compared to SAR 237.8 million a year earlier.

View More Financial Results

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

×