Ataa Educational Co. reported a net profit after zakat and tax of SAR 82.7 million for the fiscal year ending July 31, 2019, a decline of 5.9 percent year-on-year (YoY) due to lower revenue amid tough competition and market conditions.
The company was also hit by finance charges that more than doubled YoY on funding Al-Rowad Private Schools Complex in Ishbilia.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 325.19 | 320.59 | (1.4 %) |
| Gross Income | 107.77 | 107.85 | 0.1 % |
| Operating Income | 86.84 | 85.42 | (1.6 %) |
| Net Income | 87.91 | 82.75 | (5.9 %) |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 2.20 | 2.07 | (5.9 %) |
In Q4, Ataa reported a net profit after zakat and tax of SAR 38 million. It added that shareholders’ equity – excluding minority interest – stood at SAR 746.5 million by the end of this period.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 84.56 | 82.94 | (1.9 %) |
| Gross Income | 42.06 | 43.69 | 3.9 % |
| Operating Income | 37.95 | 38.87 | 2.4 % |
| Net Income | 37.90 | 37.97 | 0.2 % |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 0.95 | 0.95 | 0.2 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 79.74 | 82.94 | 4.0 % |
| Gross Income | 19.39 | 43.69 | 125.3 % |
| Operating Income | 12.87 | 38.87 | 202.1 % |
| Net Income | 12.01 | 37.97 | 216.1 % |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 0.30 | 0.95 | 216.1 % |
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