Academy of Learning H1 net profit up 74% to SAR 14.2 mln

Academy of Learning H1 net profit up 74% to SAR 14.2 mln

30/07/2023 Argaam Exclusive

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Academy of Learning (AoL) reported a net profit of SAR 14.2 million by the end of H1 2023, an increase of 74% year-on-year (YoY) from SAR 8.2 million in a year-earlier period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 26.21 38.82 48.1 %
Gross Income 16.70 25.44 52.4 %
Operating Income 9.20 14.00 52.1 %
Net Income 8.16 14.20 74.1 %
Average Shares 90.00 90.00 -
EPS (Riyals) 0.09 0.16 74.1 %

This was driven by a 48% YoY increase in revenue on higher occupancy rates in branches and the opening of the third branch in Dammam in September last year.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 26.21 38.82 48.1 %
Gross Income 16.70 25.44 52.4 %
Operating Income 9.20 14.00 52.1 %
Net Income 8.16 14.20 74.1 %
Average Shares 90.00 90.00 -
EPS (Riyals) 0.09 0.16 74.1 %

Shareholders’ equity, excluding minority interest, increased in H1 2023 to SAR 107.769 million from SAR 101.317 million in H1 2022.

View more financial results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 18.00 - 11.80 - 7.93 -
H2 2021 24.28 - 15.18 - 10.57 -
H1 2022 26.21 45.6 % 16.70 41.5 % 9.20 16.0 %
H2 2022 36.71 51.2 % 22.95 51.2 % 13.75 30.1 %
H1 2023 38.82 48.1 % 25.44 52.4 % 14.00 52.1 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 7.40 - 0.08 - 7.40 0.08
H2 2021 8.80 - 0.10 - 8.80 0.10
H1 2022 8.16 10.3 % 0.09 - 8.16 0.09
H2 2022 13.20 50.0 % 0.15 - 13.20 0.15
H1 2023 14.20 74.1 % 0.16 - 14.20 0.16

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 63.81 % 51.53 % 38.31 %
H1 2022 63.14 % 46.35 % 33.59 %
H2 2022 63.02 % 43.14 % 33.95 %
H1 2023 64.07 % 43.42 % 36.29 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 90.00 - - 0.94
H2 2021 90.00 0.18 0.18 1.04
H1 2022 90.00 0.19 0.19 1.13
H2 2022 90.00 0.24 0.24 1.17
H1 2023 90.00 0.30 0.30 1.20

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 11.54 11.54 2.34
H1 2023 14.71 14.71 3.74


Financial Ratios
Current
Market Cap (M Riyal) 882.90
Enterprise Value (EV) (M) 856.07
Shares Outstanding ((M)) 90.00
Book Value (BV) ( Riyal) 1.26
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 30.79
Price/book 7.81
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Share Price

Academy of Learning Co.
9.81
(0.04) (0.41 %)

Academy of Learning Co. (ACADEMY OF LEARNING)

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