Ataa Educational Q1 Profits Fall 11% to SAR 19.6 Million

Ataa Educational Co. announced on Tuesday that its net profit decreased by 11% during the first quarter to 19.6 million riyals, compared to 22 million riyals in the same quarter last year, following the announcement today of the preliminary financial results for the duration ended Oct. 31, 2024 (3 months).

The operational profit decreased by 3% to 32 million riyals in the first quarter, compared to 33 million riyals in the same quarter last year.

The profits per share in the current duration amounted to 0.47 riyals, compared to 0.52 riyals in the same duration last year.

The Company stated in a statement today on “Tadawul” that the reason for the decrease in revenues during the current quarter, compared to the same quarter last year is the decrease in revenues in the training and employment sector, compared to the same quarter last year.