Ataa Educational Co. announces its Annual Financial results for the period ending on 2024-07-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 666,479 | 666,042 | 0.07 | ||
| Gross Profit (Loss) | 196,408 | 195,239 | 0.6 | ||
| Operational Profit (Loss) | 118,742 | 106,750 | 11.23 | ||
| Net profit (Loss) | 63,371 | 67,786 | -6.51 | ||
| Total Comprehensive Income | 60,848 | 65,531 | -7.15 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 801,321 | 786,769 | 1.85 | ||
| Profit (Loss) per Share | 1.51 | 1.61 | |||
| 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 year compared to the last year | The increase in revenue this year compared to the previous year is due to:
An increase in tuition fees at some educational complexes despite a decline in revenue from the training and employment sectors. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decrease in net profit this year compared to the previous year is due to:
1-Losses in the training and employment sectors. 2-An increase in loan financing costs by 19% from the previous year, related to the purchase of minority rights in the (Al-Yasmeen, Al-Alson, and Jeel Al-Majd) complexes. This occurred despite the education sector achieving an 8% growth in net profit compared to the previous year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | Non-existent. |
| Reclassification of Comparison Items | Some opening balances have been adjusted as indicated in the financial statements. For more details, please refer to Note 33 in the financial statements. |
| Additional Information | We would like to draw the attention of our esteemed shareholders to the fact that the consolidated financial statements for the fiscal year ending July 31, 2024, will be available on the Ataa Educational Company's website at the following link: ataa.sa, after being submitted to the relevant authorities. The company also wishes to inform financial analysts and investors that they can send their inquiries about the financial results to the company's email: [email protected] within 10 days from the date of publication of the financial statements. |
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