Leejam Sports posts SAR 205.9 mln net profit in FY19

09/03/2020 Argaam Exclusive

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Leejam Sports (Fitness Time) reported net profit after Zakat and tax of SAR 205.92 million for fiscal year 2019, a 14.34% year-on-year (YoY) increase compared to SAR 180.09 million in 2018, the company said in a bourse statement on Monday.

Revenues grew 17.76% YoY to SAR 942.08 million in 2019, the highest in the company’s history, driven by increase in membership revenues by SAR 114.79 million due to opening of new centers over the year.

Revenues from personal training (PT) levelled up by SAR 28.16 million due to the higher number of PT centers. Decrease in rental income by SAR 820,000 also boosted company’s revenues in 2019, the statement also said.

In 2019, earnings per share (EPS) stood at SAR 3.93, compared to SAR 3.44 in the previous year.

Financials (M)

Item	2018	2019	Change‬
Revenues	799.95	944.93	18.1 %
Gross Income	305.33	360.19	18.0 %
Operating Income	192.21	266.71	38.8 %
Net Income	180.09	205.92	14.3 %
Average Shares	52.38	52.38	-
EPS (Riyals)	3.44	3.93	14.3 %

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	225.14	270.21	20.0 %
Gross Income	94.11	118.56	26.0 %
Operating Income	55.53	90.64	63.2 %
Net Income	53.86	67.92	26.1 %
Average Shares	52.38	52.38	-
EPS (Riyals)	1.03	1.30	26.1 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	238.37	270.21	13.4 %
Gross Income	85.03	118.56	39.4 %
Operating Income	62.00	90.64	46.2 %
Net Income	48.81	67.92	39.1 %
Average Shares	52.38	52.38	-
EPS (Riyals)	0.93	1.30	39.1 %

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