Financial Results : Horizon Educational’s profit rises 25% to SAR 8.9M in FY 2022/23

Horizon Educational’s profit rises 25% to SAR 8.9M in FY 2022/23

22/04/2024 Argaam Exclusive

View other reports

Horizon Educational Co.’s earnings increased by 25% to SAR 8.9 million for the fiscal year (FY) ended June 30, 2023, compared to SAR 7.1 million in the year-earlier period.



Financials (M)

Item 2022 2023 Change‬
Revenues 32.32 36.76 13.7 %
Gross Income 11.54 13.97 21.0 %
Operating Income 7.23 8.92 23.4 %
Net Income 7.14 8.94 25.1 %
Average Shares 2.00 2.00 -
EPS (Riyals) 3.57 4.47 25.1 %


The earnings increase was spurred by 14% growth year-on-year (YoY) in revenue to SAR 36.8 million, from SAR 32.3 million a year ago, due to higher tuition fees. In addition, the annual operating profit margins rose from 22% to 23%, despite higher general and administrative expenses (G&As).

 

The company also cited lower Zakat expenses and an increase in other revenues.

 

Shareholders’ equity, no minority interest, stood at SAR 43.5 million by June 30, 2022/2023, compared to SAR 43.6 million a year earlier.

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.