Riyadh – Mubasher: Ataa Educational Company has recorded a 498.99% year-on-year (YoY) hike in net profits after Zakat and tax during the period from August 2021 to January 2022.
The company recorded net profits worth SAR 67.72 million in the first half (H1) of fiscal year (FY) 2021/2022, compared to SAR 11.30 million during the same period in FY20/21.
The earnings per share (EPS) amounted to SAR 1.7 in H1-21/22, higher than SAR 0.28 in H1-20/21, according to the financial results on Thursday.
Meanwhile, the revenues soared by 120.56% to SAR 274.41 million in the August 2021-January 2022 period from SAR 124.41 million during the same period a year earlier.
During the second quarter (Q2) of FY21/22, Ataa Educational recorded a 76.90% drop in net profits to SAR 1.47 million from SAR 6.39 million in Q2-20/21.
Revenues meanwhile surged by 112.04% YoY to SAR 133.98 million in Q2-21/22 from SAR 63.18 million.
On a quarterly basis, the company’s net profits in Q2-21/22 were down 97.77% from SAR 66.25 million in Q1-21/22 and the revenues decreased by 4.58% from SAR 140.42 million.
