Academy of Learning profit leaps 34% to SAR 28.7M in 2023

18/02/2024 Argaam Exclusive

Academy of Learning Co. (AOL) reported a net profit of SAR 28.7 million for 2023, a 34% increase from SAR 21.4 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 62.91 92.91 47.7 %
Gross Income 39.65 57.56 45.2 %
Operating Income 22.96 28.58 24.5 %
Net Income 21.36 28.67 34.2 %
Average Shares 90.00 90.00 -
EPS (Riyals) 0.24 0.32 34.2 %

The profit growth was driven by higher revenues as the company adopted an expansion policy through the opening of new branches.  The firm continuously added new diplomas and training programs that align with the needs of the job market. In addition, it adopted diversification and innovation in marketing strategies.

 

Shareholders’ equity, no minority interest, stood at SAR 113.07 million as of Dec. 31, 2023, increasing from SAR 105.56 million a year before.



Current Half Annual Comparison (M)

Compared With The
Item H2 2022 H2 2023 Change‬
Revenues 36.71 54.08 47.3 %
Gross Income 22.95 32.12 40.0 %
Operating Income 13.75 14.58 6.0 %
Net Income 13.20 14.47 9.6 %
Average Shares 90.00 90.00 -
EPS (Riyals) 0.15 0.16 9.6 %

Historical Change of Financial Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

Earnings Per Share

(SAR/Share)

H1 2021

18.00

7.40

0.12

H2 2021

24.28

8.8

0.15

H1 2022

26.21

8.16

0.14

H2 2022

36.70

13.20

0.22

H1 2023

38.82

14.20

0.24

H2 2023

54.09

14.47

0.24

 

View more financial results

 

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Share Price

Academy of Learning Co.
9.80
(0.05) (0.51 %)

Academy of Learning Co. (ACADEMY OF LEARNING)

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Financial Ratios
Current
Market Cap (M Riyal) 882.00
Enterprise Value (EV) (M) 855.17
Shares Outstanding ((M)) 90.00
Book Value (BV) ( Riyal) 1.26
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 30.76
Price/book 7.80
more


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 %
H2 2023 54.08 47.3 % 32.12 40.0 % 14.58 6.0 %
2023 92.91 47.7 % 57.56 45.2 % 28.58 24.5 %


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
H2 2023 14.47 9.6 % 0.16 - 14.47 0.16
2023 28.67 34.2 % 0.32 - 28.67 0.32

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 %
H2 2023 61.96 % 38.83 % 30.86 %
2023 61.96 % 38.83 % 30.86 %


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
H2 2023 90.00 0.32 0.32 1.26

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
H2 2023 19.87 19.87 5.04

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