Academy of Learning net profit up 12% to SAR 16.2 mln in 2021
31/05/2022
Argaam Exclusive
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Academy of Learning Co. (AOL), which is in the process for direct listing in Nomu-Parallel Market, reported a net profit of SAR 16.2 million for 2021, a 12% increase from SAR 14.5 million in 2020.
Financials (M)
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 33.79 | 42.28 | 25.1 % |
| Gross Income | 19.46 | 26.98 | 38.6 % |
| Operating Income | 15.12 | 18.50 | 22.3 % |
| Net Income | 14.53 | 16.20 | 11.5 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.16 | 0.18 | 11.5 % |
The increase in the net profit is driven by higher revenue and gross profit margin, despite the increase in general and administrative expenses as well as selling and marketing expenses.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2020 | H2 2021 | Change |
|---|
Shareholders’ equity, excluding minority interest, stood at SAR 93.2 million as of Dec. 31, 2021, increasing from SAR 20.7 million in 2020.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2021 | 18.00 | - | 11.80 | - | 7.93 | - |
| H2 2021 | 24.28 | - | 15.18 | - | 10.57 | - |
| 2021 | 42.28 | 25.1 % | 26.98 | 38.6 % | 18.50 | 22.3 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2021 | 7.40 | - | 0.08 | - | 7.40 | 0.08 |
| H2 2021 | 8.80 | - | 0.10 | - | 8.80 | 0.10 |
| 2021 | 16.20 | 11.5 % | 0.18 | - | 16.20 | 0.18 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2021 | - | - | - |
| H2 2021 | 63.81 % | 51.53 % | 38.31 % |
| 2021 | 63.81 % | 51.53 % | 38.31 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2021 | 90.00 | - | - | 0.94 |
| H2 2021 | 90.00 | 0.18 | 0.18 | 1.04 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2021 | - | - | - |
| H2 2021 | - | - | - |
| Current | |
| Market Cap (M Riyal) | 886.50 |
| Enterprise Value (EV) (M) | 859.67 |
| Shares Outstanding ((M)) | 90.00 |
| Book Value (BV) ( Riyal) | 1.26 |
| Par Value ( Riyal) | 1.00 |
| Adjusted P/E (Last12) | 30.92 |
| Price/book | 7.84 |
Share Price
Academy of Learning Co. (ACADEMY OF LEARNING)
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