Ataa Educational net profit slumps 66% to SAR 11.3 mln in H1 2020/21

07/03/2021 Argaam Exclusive

Ataa Educational Co. reported a net profit after Zakat and tax of SAR 11.3 million for H1 2020/21 ending on Jan. 31, 2021, down 66%, compared to a net profit of SAR 33.5 million a year earlier.

 

The drop in net profit was attributed to a 25% decline year-on-year (YoY) in revenue, as Ataa offered additional discounts amid suspension of education at schools and the implementation of distance learning. In addition, the student count decreased by 10% YoY. Other revenues also fell by 57% YoY due to the suspension of student activities, closure of schools amid the COVID-19 outbreak.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 165.59 124.41 (24.9 %)
Gross Income 50.41 30.37 (39.8 %)
Operating Income 37.07 17.87 (51.8 %)
Net Income 33.54 11.31 (66.3 %)
Average Shares 40.00 40.00 -
EPS (Riyals) 0.84 0.28 (66.3 %)


Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Revenues 84.48 63.19 (25.2 %)
Gross Income 24.89 16.66 (33.0 %)
Operating Income 18.57 10.01 (46.1 %)
Net Income 17.28 6.39 (63.0 %)
Average Shares 40.00 40.00 -
EPS (Riyals) 0.43 0.16 (63.0 %)

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Share Price

Ataa Educational Co.
75.50
2.30 3.14 %

Ataa Educational Co. (ATAA)

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Financial Ratios
Current
Market Cap (M Riyal) 3,177.80
Enterprise Value (EV) (M) 3,776.40
Shares Outstanding ((M)) 42.09
EPS ( Riyal) (TTM) 1.51
Book Value (BV) ( Riyal) 19.04
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 3.97
Return on Average Assets (%) (TTM) 3.0
Return on Average Equity (%) (TTM) 8.0
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