Ataa Educational Co. reported a net profit after Zakat and tax of SAR 37.1 million for the fiscal year ending on July 31, 2021, down 51%, compared to SAR 75.8 million a year earlier.
The profit decline was due to a fall in revenue by 17% year-on-year (YoY), driven by additional discounts amid school closures and the continuation of online learning.
Other revenue declined 38% YoY as a result of the suspension of students’ activities and canteens on school closures.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 336.38 | 280.35 | (16.7 %) |
| Gross Income | 116.26 | 74.13 | (36.2 %) |
| Operating Income | 85.75 | 48.53 | (43.4 %) |
| Net Income | 75.80 | 35.52 | (53.1 %) |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 1.89 | 0.89 | (53.1 %) |
The company’s Q4 2020/21 net profit after tax and Zakat fell 35% YoY to SAR 19.4 million.
Shareholders’ equity (excluding minority rights) reached SAR 744.74 million in FY 2020/21, compared to SAR 749.05 million in the same period last year.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 86.70 | 93.40 | 7.7 % |
| Gross Income | 40.70 | 28.14 | (30.9 %) |
| Operating Income | 32.95 | 20.56 | (37.6 %) |
| Net Income | 29.92 | 17.87 | (40.3 %) |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 0.75 | 0.45 | (40.3 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 62.53 | 93.40 | 49.4 % |
| Gross Income | 15.62 | 28.14 | 80.1 % |
| Operating Income | 10.10 | 20.56 | 103.6 % |
| Net Income | 6.34 | 17.87 | 181.7 % |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 0.16 | 0.45 | 181.7 % |
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}}