Financial Results : Ataa Educational net profit surges to SAR 66.3 mln in Q1 2021/22

Ataa Educational net profit surges to SAR 66.3 mln in Q1 2021/22

09/12/2021 Argaam Exclusive

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Ataa Educational Co. reported a net profit after Zakat and tax of SAR 66.3 million for the first quarter of 2021/2022, ended Oct. 31, 2021, from SAR 4.9 million in the same period last year.

 

The increase in net profit was attributed to increased number of students, physical attendance in schools for the intermediate and secondary stages and in consequence the cancellation of the value of the discounts for distance education. In addition, other revenues increased by 93%, due to the completion of acquisitions.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 61.23 139.74 128.2 %
Gross Income 13.71 38.61 181.6 %
Operating Income 7.86 20.93 166.3 %
Net Income 4.92 51.41 945.6 %
Average Shares 40.00 42.09 5.2 %
EPS (Riyals) 0.12 1.22 893.8 %

On a sequential basis, net profit more than tripled in Q1 2021/2022 from SAR 19.4 million in Q4 2020/2021.

 

Shareholders’ equity stood at SAR 810.993 million as of Oct. 31, 2021, up 7.5% from SAR 754.118 million in the year-earlier period.

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