Ataa Educational Co. reported a net profit after Zakat and tax of SAR 66.3 million for the first quarter of 2021/2022, ended Oct. 31, 2021, from SAR 4.9 million in the same period last year.
The increase in net profit was attributed to increased number of students, physical attendance in schools for the intermediate and secondary stages and in consequence the cancellation of the value of the discounts for distance education. In addition, other revenues increased by 93%, due to the completion of acquisitions.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 61.23 | 139.74 | 128.2 % |
| Gross Income | 13.71 | 38.61 | 181.6 % |
| Operating Income | 7.86 | 20.93 | 166.3 % |
| Net Income | 4.92 | 51.41 | 945.6 % |
| Average Shares | 40.00 | 42.09 | 5.2 % |
| EPS (Riyals) | 0.12 | 1.22 | 893.8 % |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 93.40 | 139.74 | 49.6 % |
| Gross Income | 28.14 | 38.61 | 37.2 % |
| Operating Income | 20.56 | 20.93 | 1.8 % |
| Net Income | 17.87 | 51.41 | 187.7 % |
| Average Shares | 40.00 | 42.09 | 5.2 % |
| EPS (Riyals) | 0.45 | 1.22 | 173.4 % |
On a sequential basis, net profit more than tripled in Q1 2021/2022 from SAR 19.4 million in Q4 2020/2021.
Shareholders’ equity stood at SAR 810.993 million as of Oct. 31, 2021, up 7.5% from SAR 754.118 million in the year-earlier period.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}