Ataa Educational Company’s Net Profit Decreases 7% to SAR 63 Million for Year Ending July 31, 2024

Ataa Educational Company’s net profit for the year ending July 31, 2024, decreased by 7% to 63 million riyals, compared to 68 million riyals in the previous year, following the announcement today of the annual financial results ending July 31, 2024.

Operating profit increased 11% to 119 million riyals during the year ending July 31, 2024, compared to 107 million riyals last year.

Total shareholders’ equity “excluding minority rights” increased by 2% to 801 million riyals this year, compared to 787 million riyals last year.

Earnings per share in the current year amounted to 1.51 riyals, compared to 1.61 riyals last year.

The company said that the reason for the revenues increase this year, compared to the previous year is due to the increase in tuition fees in some educational complexes, despite the revenues decrease from the training and employment sectors.