Leejam Sports (Fitness Time) reported net profit after Zakat and tax of SAR 205.92 million for fiscal year 2019, a 14.34% year-on-year (YoY) increase compared to SAR 180.09 million in 2018, the company said in a bourse statement on Monday.
Revenues grew 17.76% YoY to SAR 942.08 million in 2019, the highest in the company’s history, driven by increase in membership revenues by SAR 114.79 million due to opening of new centers over the year.
Revenues from personal training (PT) levelled up by SAR 28.16 million due to the higher number of PT centers. Decrease in rental income by SAR 820,000 also boosted company’s revenues in 2019, the statement also said.
In 2019, earnings per share (EPS) stood at SAR 3.93, compared to SAR 3.44 in the previous year.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 799.95 | 944.93 | 18.1 % |
| Gross Income | 305.33 | 360.19 | 18.0 % |
| Operating Income | 192.21 | 266.71 | 38.8 % |
| Net Income | 180.09 | 205.92 | 14.3 % |
| Average Shares | 52.38 | 52.38 | - |
| EPS (Riyals) | 3.44 | 3.93 | 14.3 % |
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 225.14 | 270.21 | 20.0 % |
| Gross Income | 94.11 | 118.56 | 26.0 % |
| Operating Income | 55.53 | 90.64 | 63.2 % |
| Net Income | 53.86 | 67.92 | 26.1 % |
| Average Shares | 52.38 | 52.38 | - |
| EPS (Riyals) | 1.03 | 1.30 | 26.1 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 238.37 | 270.21 | 13.4 % |
| Gross Income | 85.03 | 118.56 | 39.4 % |
| Operating Income | 62.00 | 90.64 | 46.2 % |
| Net Income | 48.81 | 67.92 | 39.1 % |
| Average Shares | 52.38 | 52.38 | - |
| EPS (Riyals) | 0.93 | 1.30 | 39.1 % |
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