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Ataa Educational Co. announces its Interim Financial results for the Period Ending on 2024-04-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 161,430 | 156,336 | 3.258 | 166,520 | -3.056 |
| Gross Profit (Loss) | 40,263 | 36,071 | 11.621 | 39,489 | 1.96 |
| Operational Profit (Loss) | 24,672 | 20,650 | 19.476 | 25,206 | -2.118 |
| Net profit (Loss) | 10,899 | 10,726 | 1.612 | 11,458 | -4.878 |
| Total Comprehensive Income | 10,899 | 10,726 | 1.612 | 11,458 | -4.878 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 498,448 | 490,954 | 1.526 |
| Gross Profit (Loss) | 135,151 | 122,524 | 10.305 |
| Operational Profit (Loss) | 82,852 | 69,019 | 20.042 |
| Net profit (Loss) | 44,408 | 41,339 | 7.423 |
| Total Comprehensive Income | 44,408 | 41,339 | 7.423 |
| Total Shareholders Equity (after Deducting Minority Equity) | 784,881 | 858,897 | -8.617 |
| Profit (Loss) per Share | 1.06 | 0.98 | |
| 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 revenue increase in the current quarter compared to the same quarter last year is the due to: Increased revenues in the education sector by 7%, this is despite a decrease in revenues in the Recruitment and Training sectors |
| 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 reason for the increase in net profit during the current quarter compared to the same quarter last year is due to: The acquisition of minority interest in the following Companies (Al-Yasmine - Al-Alsun –Jeel AlMajd) and A decrease in the operational costs by 0.5% compared to the same quarter of the last year, This is despite An increase in financing costs by 8% compared to the same quarter of the last year due to the borrowing related to the Acquiring of minority interest in (Al-Yasmine, Al-Alson, Jel AlMajd), and the purchase of Irqa land in addition to the increase in SIBOR Rate. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The revenue decrease in the current quarter compared to the previous quarter is the result of : The decrease in revenues in the training sector by 49% . |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for the decrease in net profit during the current quarter compared to the previous quarter is due to: The decrease in revenues during the current quarter due to Decreased revenues in the training sector. In addition, financing costs increased by 7%. |
| 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 reason for the increase in revenues during the current period compared to the same period last year is due to: Increased revenues in the education sector. |
| 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 reason for the increase in net profit during the current period compared to the same period last year is due to: The Acquisition of minority interest in the Companies (Al-Yasmine - Al-Alsun –Jeel AlMajd), Increased revenues in the education sector by 4% and operating costs decreased by 2%, This is despite An increase in financing costs by 24% due to borrowing related to the Acquiring of minority interest in the Companies (Al-Yasmine, Al-Alson, Jel AlMajd), and the purchase of Irqa land, in addition to the rise in SIBOR Rate. |
| 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) | There is no notes. |
| Reclassification of Comparison Items | Some opening balances have been adjusted as shown in the financial statements. For more details, please refer to disclosure No. (14) in the financial statements. |
| Additional Information | We would like to draw the attention of our valued shareholders to the fact that the interim condensed consolidated financial statements for the current period ending April 30, 2024, will be accessible on the company's website ataa.sa after sending to the competent authorities. The company would also like to draw the attention of financial analysts and investors to send their inquiries to the company’s email. ir@ataa.sa. within 10 days of the financial statements being published. God bless all. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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