Ataa Educational Co. announces its Interim Financial results for the Period Ending on 2025-01-31 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 165,365 | 166,520 | -0.693 | 165,325 | 0.024 |
| Gross Profit (Loss) | 41,128 | 39,489 | 4.15 | 51,481 | -20.11 |
| Operational Profit (Loss) | 24,279 | 25,206 | -3.677 | 31,903 | -23.897 |
| Net profit (Loss) | 20,829 | 11,458 | 81.785 | 19,573 | 6.417 |
| Total Comprehensive Income | 20,829 | 11,458 | 81.785 | 19,573 | 6.417 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 330,690 | 337,018 | -1.877 |
| Gross Profit (Loss) | 92,609 | 94,888 | -2.401 |
| Operational Profit (Loss) | 56,182 | 58,181 | -3.435 |
| Net profit (Loss) | 40,402 | 33,509 | 20.57 |
| Total Comprehensive Income | 40,402 | 33,509 | 20.57 |
| Total Shareholders Equity (after Deducting Minority Equity) | 789,114 | 773,982 | 1.955 |
| Profit (Loss) per Share | 0.96 | 0.8 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The decrease in revenue during the current quarter, compared to the same quarter of the previous year, is primarily due to a 4% decline in revenue from the training and recruitment sectors,
despite the following: A 2% increase in revenue from the education sector, driven by a 3% growth in student enrollment at the company’s schools, rising from 44.1 thousand students to 45.1 thousand students. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The 82% increase in net profit during the current quarter, compared to the same quarter of the previous year, is primarily due to:
•A 2% increase in revenue from the education sector. •Non-recurring income resulting from the settlement of long-outstanding liabilities in a subsidiary. •Decrease in training sector losses. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The company recorded stable revenue in the current quarter compared to the previous quarter, driven by a 3% increase in revenue from the education sector, offset by a 7% decline in revenue from the training sector. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The 6% increase in net profit during the current quarter, compared to the previous quarter, is primarily due to:
•Non-recurring income resulting from the settlement of long-outstanding liabilities in a subsidiary. •Decrease in training sector losses. This increase occurred despite an 8% rise in operating costs. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The 2% decrease in revenue during the current period, compared to the same period of the previous year, is primarily due to:
A 39% decline in revenue from the training and recruitment sectors, despite the following: A 1% increase in revenue from the education sector, driven by a 3% growth in student enrollment at the company’s schools, rising from 44.1 thousand students to 45.1 thousand students. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The 21% increase in net profit during the current period, compared to the same period of the previous year, is primarily due to:
•Non-recurring income resulting from the settlement of long-outstanding liabilities in a subsidiary. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | We would like to draw the attention of our esteemed shareholders to the availability of the condensed consolidated interim financial statements for the current half-year period ending on January 31, 2025 which will be available on the company’s website at the following link:
ataa.sa This will be after submission to the relevant authorities. The company would also like to draw the attention of financial analysts and investors to send their inquiries regarding the half-year results to the company’s email at: ir@ataa.sa These inquiries should be sent within 10 days from the date of publication of the financial statements. God bless all. |
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