Financial Results : Academy of Learning’s H1 2022 profit up 10% to SAR 8.2 mln

Academy of Learning’s H1 2022 profit up 10% to SAR 8.2 mln

14/08/2022 Argaam Exclusive

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Academy of Learning Co. (AOL) posted a 10% increase in H1 2022 net profit after Zakat and tax to SAR 8.2 million, from SAR 7.4 million in the year-ago period.

The profit increase was driven by higher operating revenue.



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 18.00 26.21 45.6 %
Gross Income 11.80 16.70 41.5 %
Operating Income 7.93 9.20 16.0 %
Net Income 7.40 8.16 10.3 %
Average Shares 90.00 90.00 -
Earnings Per Share before unusual items (Riyal) 0.08 0.09 10.3 %
EPS (Riyal) 0.08 0.09 10.3 %

Total shareholders’ equity, after minority interest, increased to SAR 101.317 million as of June 30, 2022, compared to SAR 93.157 million a year earlier.

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