Ataa Educational Co. reported a net profit after Zakat and tax of SAR 21.1 million for the first quarter ended Oct. 31, 2022, a 59% decline from SAR 51.4 million in the same period last year.
Item | Q1 2022 | Q1 2023 | Change |
---|---|---|---|
Revenues | 139.74 | 171.53 | 22.7 % |
Gross Income | 38.61 | 49.97 | 29.4 % |
Operating Income | 20.93 | 29.59 | 41.3 % |
Net Income | 51.41 | 21.06 | (59.0 %) |
Average Shares | 42.09 | 42.09 | 0.0 % |
EPS (Riyals) | 1.22 | 0.50 | (59.0 %) |
Item | Q4 2022 | Q1 2023 | Change |
---|---|---|---|
Revenues | 173.73 | 171.53 | (1.3 %) |
Gross Income | 45.85 | 49.97 | 9.0 % |
Operating Income | 28.24 | 29.59 | 4.8 % |
Net Income | 15.04 | 21.06 | 40.0 % |
Average Shares | 42.09 | 42.09 | - |
EPS (Riyals) | 0.36 | 0.50 | 40.0 % |
The decline in net profit was attributed to realizing SAR 38.1 million non-recurring gains in the same quarter of the previous year resulting from the acquisition of the Arabian Education and Training Group.
Excluding the effect of these gains, considering that they are non-recurring and not a result of activity, there is an income increase in the current quarter of 58.4% year-on-year.
On a sequential basis, net profit rose 51% from SAR 13.65 million in Q4 2021/2022.
Shareholders’ equity, excluding minority interest, stood at SAR 880.706 million as of Oct. 31, 2022, up from SAR 810.992 million in the year-earlier period.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}