Abo Moati Reports SAR 4.23M Net Profit in the Three Months 2026
ABO MOATI 4191.SA | 0.00 |
On 2026-08-09 08:00:33 (Saudi Time), Abdullah Saad Mohammed Abo Moati for Bookstores Co. announced its Interim financial results for the three months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 54.62 | 58.57 | -6.744 | 59.18 | -7.705 |
| Gross Profit (Loss) | 17.47 | 19.11 | -8.581 | 19.11 | -8.581 |
| Operational Profit (Loss) | 5.78 | 6.96 | -16.954 | 4.56 | 26.754 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 4.23 | 5.47 | -22.669 | 2.25 | 88 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 4.21 | 5.28 | -20.265 | 3.04 | 38.486 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 249.9 | 245.65 | 1.73 |
| Profit (Loss) per Share | 0.21 | 0.27 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 6.744% YoY from SAR 58.57 million to SAR 54.62 million, primarily due to a decline in wholesale and retail sales. Net profit attributable to shareholders fell 22.669% YoY from SAR 5.47 million to SAR 4.23 million, driven mainly by the impact of lower sales flowing through to reduced gross profit (down 8.581% YoY to SAR 17.47 million) and operational profit (down 16.954% YoY to SAR 5.78 million).
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 7.705% to SAR 54.62 million (vs. SAR 59.18 million in the prior quarter), driven by the seasonal nature of demand in the previous quarter. Despite lower sales, net profit surged 88% QoQ to SAR 4.23 million (from SAR 2.25 million), primarily due to lower operating expenses and reduced finance costs in the current quarter compared to the previous quarter.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. Total shareholders' equity (after deducting minority equity) stood at SAR 249.9 million for the current period, compared to SAR 245.65 million in the same period of the previous year, representing an increase of 1.73%. Earnings per share for the current period were SAR 0.21, down from SAR 0.27 in the same period of the prior year. No reclassification of comparison items or additional information was reported. No accumulated losses or fair value changes in investment properties were disclosed.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97371&anCat=1&cs=4191&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.