Ataa Educational Co. reported a net profit after Zakat and tax of SAR 33.54 million for the 6-month period ending Jan. 31, 2020, an increase of 0.77% year-on-year (YoY), the company said in a bourse statement.
The earnings rise was mainly attributed to a 5% jump in revenue YoY due to a 4% rise in the number of students.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Revenues | 157.91 | 165.59 | 4.9 % |
| Gross Income | 45.29 | 50.41 | 11.3 % |
| Operating Income | 34.20 | 37.07 | 8.4 % |
| Net Income | 33.28 | 33.54 | 0.8 % |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 0.83 | 0.84 | 0.8 % |
Net profit for Q2 2019/2020 increased 6.9% YoY to SAR 17.28 million, driven by higher revenue on increased number of students, despite higher cost of finance.
On a quarterly basis, Q2 earnings rose 6.34%.
| Item | Q2 2019 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 80.39 | 84.48 | 5.1 % |
| Gross Income | 22.39 | 24.89 | 11.1 % |
| Operating Income | 16.83 | 18.57 | 10.3 % |
| Net Income | 16.16 | 17.28 | 7.0 % |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 0.40 | 0.43 | 7.0 % |
| Item | Q1 2020 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 81.11 | 84.48 | 4.2 % |
| Gross Income | 25.53 | 24.89 | (2.5 %) |
| Operating Income | 18.50 | 18.57 | 0.3 % |
| Net Income | 16.25 | 17.28 | 6.3 % |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 0.41 | 0.43 | 6.3 % |
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