Leejam Sports Company “Fitness Time” announces that the company handed back the Football Academy Centre to the Shbab Football Club.

FITNESS TIME 1830 -2.61% 70.90 -1.90
Element List Explanation
Announcement Detail Leejam Sports Company “Fitness Time” announces that on Thursday 11/04/2019G they have chosen to not further continue one of their contracts with the Shabab Football Club as the initial term had expired and the company has handed back the Football Academy Centre to the club.

The revenue during FY2018 from this Academy center was SR 1,720,292 with net profit of SR 174,633 with no significant impact on the financials results of the company.

However, the Fitness Time Center at the Shabab Football Club location will continue to operate but the company is no longer running the Football Academy. Thus, the number of operational centers have currently reduced from 134 to 133 center

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