Horizon Educational posts 15% profit rise to SAR 10.2M in FY 2023/2024

18/09/2024 Argaam Exclusive

Horizon Educational Co. said profit rose to SAR 10.2 million by the fiscal year ended June 30, 2024, up from SAR 8.9 million in the year-earlier period.



Financials (M)

Item 2023 2024 Change‬
Revenues 36.76 42.80 16.4 %
Gross Income 13.97 16.19 15.9 %
Operating Income 8.92 9.84 10.3 %
Net Income 8.94 10.23 14.5 %
Average Shares 2.00 2.00 -
EPS (Riyals) 4.47 5.12 14.5 %


Revenues saw a 14.5% year-on-year (YoY) increase, driven by the enrollment of more students.

 

Gross profit increased by SAR 2.22 million YoY, while operating income increased by 10.3% YoY.

 

Total shareholders’ equity, no minority interest, reached SAR 71.65 million as of June 30, 2024, compared to SAR 43.51 million a year earlier.

 

The company has not amended its bylaws or commercial register following its listing and transition from a closed to a public joint-stock company.

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Share Price

Horizon Educational Co.
78.90
0.50 0.64 %

Horizon Educational Co. (HORIZON EDUCATIONAL)

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Financial Ratios
Current
Market Cap (M Riyal) 197.25
Enterprise Value (EV) (M) 194.24
Shares Outstanding ((M)) 2.50
Book Value (BV) ( Riyal) 21.76
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 22.07
Price/book 4.53
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