Abdullah Saad Mohammed Abo Moati for Bookstores Co. announces its Annual Financial Results for the Period Ending on 2021-03-31

Date: 28/06/2021

Sales/Revenue 231.18 297.07 -22.179
Gross Profit (Loss) 48.25 60.17 -19.81
Operational Profit (Loss) 9.14 21.3 -57.089
Net Profit (Loss) after Zakat and Tax 5.33 13.87 -61.571
Total Comprehensive Income 6.97 12.95 -46.177
Total Share Holders Equity (after Deducting Minority Equity) 232.58 235.61 -1.286
Profit (Loss) per Share 0.27 0.69
All figures are in (Millions) Saudi Arabia, Riyals
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The net profit decreased during this year compared to the previous year by 61.57%, due to the decrease in sales by 22.18% due to the decisions issued by the competent authorities within the precautionary measures and decisions to convert the study pattern to distance education to mitigate the spread of the new Corona virus. In addition to paying customs differences pertaining to previous years amounting to 2,519,197 Saudi riyals, also the remuneration of the members of the Board of Directors was also charged at 900 thousand riyals in this year On the statement of profits and losses while recording it as distribution of profits and deducted from the retained earnings last year
Statement of the type of external auditor’s report Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None
Reclassification of Comparison Items Some comparative figures have been restated to be consistent with the presentation of the current year.
Additional Information The earnings per share has been adjusted after increasing the companys capital from 160 million riyals to 200 million riyals by granting free shares based on the decision of the extraordinary general assembly on 08/21/2019 and the comparative figures were represented.