Academy of Learning’s H1 2022 profit up 10% to SAR 8.2 mln

14/08/2022 Argaam Exclusive

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Share Price

Academy of Learning Co.
11.20
(0.80) (6.67 %)

Academy of Learning Co. (ACADEMY OF LEARNING)

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Academy of Learning Co. (AOL) posted a 10% increase in H1 2022 net profit after Zakat and tax to SAR 8.2 million, from SAR 7.4 million in the year-ago period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 18.00 26.21 45.6 %
Gross Income 11.80 16.70 41.5 %
Operating Income 7.93 9.21 16.0 %
Net Income 7.40 8.16 10.3 %
Average Shares 60.00 60.00 -
EPS (Riyals) 0.12 0.14 10.3 %

The profit increase was driven by higher operating revenue.



Total shareholders’ equity, after minority interest, increased to SAR 101.317 million as of June 30, 2022, compared to SAR 93.157 million a year earlier.

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