Abo Moati net profit surges to SAR 7.2 mln in 6M 2021/22

Abo Moati net profit surges to SAR 7.2 mln in 6M 2021/22

04/11/2021 Argaam Exclusive

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Abdullah Saad Mohammed Abo Moati for Bookstores Co. reported a net profit after Zakat and tax of SAR 7.2 million for the six months ending Sept. 30, 2021, an increase by more than four-fold, from SAR 1.5 million in the prior-year period.

 

This profit increase was driven by a 22.72% increase in sales, higher rent revenue and lower financing expenses.

 



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 96.42 118.33 22.7 %
Gross Income 20.29 28.08 38.4 %
Operating Income 3.21 8.68 170.7 %
Net Income 1.50 7.22 380.8 %
Average Shares 20.00 20.00 -
EPS (Riyals) 0.08 0.36 380.8 %

The company’s Q2 2021/2022 net profit after Zakat and tax jumped by 61% year-on-year (YoY) to SAR 5.3 million, on a 21.06% increase in sales as a result of the resumption of the commercial activities. The company also cited higher rent revenue and lower financing expenses.

 

On a sequential basis, net profit increased by more than two-fold from SAR 1.91 million in Q1 2021/2022.



Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Revenues 60.26 72.95 21.0 %
Gross Income 12.40 17.59 41.9 %
Operating Income 1.88 6.68 255.2 %
Net Income 3.30 5.31 60.9 %
Average Shares 20.00 20.00 -
EPS (Riyals) 0.17 0.27 60.9 %

Total shareholders’ equity, after deducting minority equity, inched up 0.58% YoY to SAR 230.97 million for the six-month period.

 

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 %
Q3 2018 99.17 2.6 % 17.62 18.5 % 7.47 (3.3 %)
Q4 2018 77.18 (2.2 %) 16.76 8.1 % 6.39 33.0 %
Q1 2019 44.32 (7.1 %) 9.14 5.5 % 2.01 2.8 %
Q2 2019 92.63 (0.2 %) 17.83 (4.2 %) 7.11 (14.4 %)
Q3 2019 84.59 (14.7 %) 17.29 (1.9 %) 5.86 (21.5 %)
Q4 2019 75.53 (2.1 %) 15.92 (5.0 %) 4.68 (26.7 %)
Q1 2020 36.16 (18.4 %) 7.90 (13.6 %) 1.32 (34.0 %)
Q2 2020 60.26 (34.9 %) 12.40 (30.4 %) 1.88 (73.5 %)
Q3 2020 68.39 (19.2 %) 13.89 (19.6 %) 4.21 (28.2 %)
Q4 2020 65.21 (13.7 %) 12.91 (18.9 %) (1.78) (138.1 %)
Q1 2021 45.38 25.5 % 10.49 32.8 % 2.00 50.8 %
Q2 2021 72.95 21.0 % 17.59 41.9 % 6.68 255.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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
Q3 2018 6.19 (12.1 %) 0.31 - 6.19 0.31
Q4 2018 4.62 (1.2 %) 0.23 - 4.62 0.23
Q1 2019 0.99 (35.9 %) 0.05 - 0.99 0.05
Q2 2019 4.36 (25.7 %) 0.22 - 4.36 0.22
Q3 2019 4.78 (22.9 %) 0.24 - 4.78 0.24
Q4 2019 3.75 (18.7 %) 0.19 - 3.75 0.19
Q1 2020 (1.80) (282.0 %) (0.09) (2.52) 0.72 0.04
Q2 2020 3.30 (24.2 %) 0.17 - 3.30 0.17
Q3 2020 3.00 (37.3 %) 0.15 - 3.00 0.15
Q4 2020 0.84 (77.8 %) 0.04 - 0.84 0.04
Q1 2021 1.91 206.1 % 0.10 - 1.91 0.10
Q2 2021 5.31 60.9 % 0.27 - 5.31 0.27

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 %
Q3 2018 18.95 % 7.95 % 5.73 %
Q4 2018 19.45 % 8.51 % 5.75 %
Q1 2019 19.81 % 8.81 % 5.63 %
Q2 2019 19.58 % 8.63 % 5.16 %
Q3 2019 20.42 % 8.77 % 4.93 %
Q4 2019 20.25 % 8.60 % 4.67 %
Q1 2020 20.40 % 8.75 % 4.71 %
Q2 2020 20.85 % 7.99 % 4.89 %
Q3 2020 20.85 % 7.93 % 4.48 %
Q4 2020 20.48 % 5.99 % 3.41 %
Q1 2021 20.77 % 6.35 % 3.78 %
Q2 2021 21.79 % 8.30 % 4.39 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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
Q3 2018 20.00 0.91 0.91 11.28
Q4 2018 20.00 0.91 0.91 11.53
Q1 2019 20.00 0.88 0.88 11.60
Q2 2019 20.00 0.81 0.81 11.40
Q3 2019 20.00 0.74 0.74 11.65
Q4 2019 20.00 0.69 0.69 11.78
Q1 2020 20.00 0.55 0.68 11.73
Q2 2020 20.00 0.50 0.63 11.48
Q3 2020 20.00 0.41 0.54 11.60
Q4 2020 20.00 0.27 0.39 11.63
Q1 2021 20.00 0.45 0.45 11.79
Q2 2021 20.00 0.55 0.55 11.55

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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
Q3 2018 8.34 8.34 0.68
Q4 2018 10.77 10.77 0.85
Q1 2019 12.68 12.68 0.97
Q2 2019 17.33 17.33 1.23
Q3 2019 15.60 15.60 0.99
Q4 2019 27.64 27.64 1.63
Q1 2020 23.13 18.84 1.09
Q2 2020 32.54 26.01 1.42
Q3 2020 74.18 56.82 2.64
Q4 2020 More than 100 More than 100 4.60
Q1 2021 More than 100 More than 100 4.38
Q2 2021 96.82 96.82 4.63

Business Segments (Million)

Compared With The
Period Retail and wholesale Inks segment Head office and leasing and others
Q3 2019 55.46 29.13 -
Q4 2019 48.80 26.73 -
Q1 2020 22.55 13.61 0.37
Q3 2020 40.21 28.18 -
Q4 2020 34.88 30.33 -
Q1 2021 28.83 16.55 -
Q2 2021 55.07 17.88 -


Financial Ratios
Current
Market Cap (M Riyal) 606.00
Enterprise Value (EV) (M) 646.57
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) 28.70
P/E (TTM) 25.46
Price/book 2.51
Return on Average Assets (%) (TTM) 7.3
Return on Average Equity (%) (TTM) 9.9
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Share Price

Abdullah Saad Mohammed Abo Moati for Bookstores Co.
30.30
0.40 1.34 %

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (ABO MOATI)

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