Ataa Educational Co. reported a net profit of SAR 63.4 million for the fiscal year ended July 31, 2024, compared to SAR 67.8 million the previous year.
Item | 2023 | 2024 | Change |
---|---|---|---|
Revenues | 666.04 | 666.48 | 0.1 % |
Gross Income | 195.24 | 196.41 | 0.6 % |
Operating Income | 106.75 | 118.74 | 11.2 % |
Net Income | 67.79 | 63.37 | (6.5 %) |
Average Shares | 42.09 | 42.09 | - |
EPS (Riyals) | 1.61 | 1.51 | (6.5 %) |
The profit decline is attributed to losses in the training and employment segments, in addition to a 19% year-on-year (YoY) increase in loan financing costs, related to the purchase of minority rights in Al-Yasmeen, Al-Alson, and Jeel Al-Majd complexes.
Meanwhile, Ataa noted an 8% YoY growth in the education segment’s net profit.
The company's Q4 2023/24 earnings fell 28% to SAR 19 million, compared to SAR 26.45 million a year before.
On a sequential basis, Ataa's fourth-quarter earnings soared 74% from SAR 10.9 million.
Item | Q4 2023 | Q4 2024 | Change |
---|---|---|---|
Revenues | 175.09 | 168.03 | (4.0 %) |
Gross Income | 72.72 | 61.26 | (15.8 %) |
Operating Income | 37.73 | 35.89 | (4.9 %) |
Net Income | 26.45 | 18.96 | (28.3 %) |
Average Shares | 42.09 | 42.09 | - |
EPS (Riyals) | 0.63 | 0.45 | (28.3 %) |
Item | Q3 2024 | Q4 2024 | Change |
---|---|---|---|
Revenues | 161.43 | 168.03 | 4.1 % |
Gross Income | 40.26 | 61.26 | 52.1 % |
Operating Income | 24.67 | 35.89 | 45.5 % |
Net Income | 10.90 | 18.96 | 74.0 % |
Average Shares | 42.09 | 42.09 | - |
EPS (Riyals) | 0.26 | 0.45 | 74.0 % |
Shareholders’ equity, no minority rights, reached SAR 801.32 million by the end of FY2023/24, compared to SAR 786.76 million a year before.
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