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Academy of Learning Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 26,209,61118,002,51645.59
Gross Profit (Loss) 16,697,74111,802,09941.48
Operational Profit (Loss) 9,204,7567,933,94216.02
Net Profit (Loss) after Zakat and Tax 8,160,0347,398,81810.29
Total Comprehensive Income 8,160,0347,398,81810.29
Total Share Holders Equity (after Deducting Minority Equity) 101,316,63493,156,6008.76
Profit (Loss) per Share 1.361.64
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to The reason for the increase in profits is mainly due to the increase in the operational revenue compared to the similar period of the previous year on semi-annual basis
Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None
Reclassification of Comparison Items complete figures
Additional Information Explanation of the earning per share: The Basic earnings per share is calculated on the basis of the weighted average number of ordinary shares outstanding during the financial period, as the company achieved a growth in net profit of 10.288%. However, the earnings per share index did not reflect that improvement due to the difference in the weighted average of shares during the current period with the comparison period, where the weighted average of shares reached during the current period 6,000,000 shares compared to 4,515,616 shares for the similar period of the previous year.

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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