‎“Abu Moati” profits decreased to SR2.6 mln during Q1, by ‎‎37.5%‎

Abdullah Saad Muhammad Abu Moati Bookstores Company revealed a decline in net profit after zakat and tax in the first quarter to 2.6 million riyals, compared to 4.3 million riyals in the same quarter of last year, by 37.5%. This came after today’s announcement of the preliminary financial results for the period. Ending on 2023-06-30 (three months).

The operational profit amounted to 3.3 million riyals in the first quarter, compared to 5.3 million riyals in the same quarter of the previous year, a decrease of 37%.

The total shareholders’ equity “without minority rights” amounted to 245.6 million riyals, compared to 240.5 million riyals in the same period last year, an increase of 2%.

Earnings per share in the current period reached 0.13 riyals, compared to 0.22 riyals in the same period last year.