Abdullah Saad Mohammed Abo Moati for Bookstores Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Three Months )

Date: 02/08/2023

Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 49.89 62.94 -20.73 63.37 -21.27
Gross Profit (Loss) 13.71 16.43 -16.55 16.8 -18.39
Operational Profit (Loss) 3.38 5.38 -37.17 4.7 -28.09
Net Profit (Loss) after Zakat and Tax 2.69 4.31 -37.59 -8.22 –
Total Comprehensive Income 2.79 2.86 -2.45 -8.03 –
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar Period For Previous Year %Change
Total Share Holders Equity (after Deducting Minority Equity) 245.61 240.56 2.1
Profit (Loss) per Share 0.13 0.22
All figures are in (Millions) Saudi Arabia, Riyals
  Accumulated Losses Capital Percentage %
  0 200 0
All figures are in (Millions) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Net profit decreased in the current quarter compared to the same quarter last year by 37.59%, due to sales decreased by 20.73% as a result of the decrease in ink sales in the subsidiary “Al-Moujah Trading Company” during the current quarter.

 

Due to the cancellation of the ink’s distribution agreement with the supplier.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is Despite the decrease in sales in the current quarter by 21.27, net profit increased, due to the decrease in operating expenses during the current quarter, in addition to recording impairment losses in the value of goodwill during the previous quarter.
Statement of the type of external auditor’s report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None
Reclassification of Comparison Items None
Additional Information None

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