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)
Item | Q4 2020 | Q4 2021 | Change |
---|---|---|---|
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/book | 3.30 |
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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