‎Ataa Educational net profit drops 51% to SAR 37.1 mln in FY 2020/21

29/09/2021 Argaam Exclusive

Ataa Educational Co. reported a net profit after Zakat and tax of SAR 37.1 million for the fiscal year ending on July 31, 2021, down 51%, compared to SAR 75.8 million a year earlier.

The profit decline was due to a fall in revenue by 17% year-on-year (YoY), driven by additional discounts amid school closures and the continuation of online learning.  

Other revenue declined 38% YoY as a result of the suspension of students’ activities and canteens on school closures.  

The company’s Q4 2020/21 net profit after tax and Zakat fell 35% YoY to SAR 19.4 million.

Shareholders’ equity (excluding minority rights) reached SAR 744.74 million in FY 2020/21, compared to SAR 749.05 million in the same period last year.

Current Quarter Comparison (M)

ItemQ4 2020Q4 2021Change‬
Revenues 86.70 93.06 7.3 %
Gross Income 40.70 29.34 (27.9 %)
Operating Income 35.38 25.30 (28.5 %)
Net Income 29.92 19.42 (35.1 %)
Average Shares 40.00 40.00
EPS (Riyals) 0.75 0.49 (35.1 %)

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Share Price

Current
Market Cap (M Riyal)2,456.00
Book Value (BV) ( Riyal)18.62
Adjusted P/E (Last12)More than 50
P/E (TTM)More than 50
Price/book3.30
Return on Average Assets (%) (TTM)2.9
Return on Average Equity (%) (TTM)5.0
Enterprise Value (EV) (M Riyal)2,576.96

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