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Abo Moati Bookstore Q3 profit slips 12%

2019-02-10 17:09:20 GMT (Economies.com)
Abo Moati Bookstore Q3 profit slips 12%
 

Abdulla Saad Abo Moati For Bookstore Co. on Sunday postd a 12.1% decline in net profit for the third quarter ended December 31, 2018, to SAR 6.2 million, from SAR 7 million in prior-year period, according to the company’s filing to Tadawul.

 

The company ascribed the profit decline to an increase in general and administrative expenses, as well as sale and distribution expenses.

 

Q3 revenues rose to SAR 99.2 million, compared with SAR 96.7 million in prior-year period.

 

Financial results for the second quarter ended September 30, 2018 had earlier showed that the company generated SAR 5.9 million net profit, compared with SAR 4.99 million net profit in the corresponding period of 2017.

 

Q2-18 net profit rise was backed by the increase in sales and expansion in retail activities, the company indicated.

 
 
 
  Symbol Last Change Chg.%
1.1079
-0.0019
0.1699%
1.2130
-0.0024
0.1938%
16.871
-0.234
1.365%
56.195
1.395
2.546%
59.76
1.12
1.91%
1496.105
-16.160
1.069%
 
 
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