Riyadh – Mubasher: Ataa Educational Company registered SAR 6.39 million in net earnings during the six-month period ended on 31 January 2021, a plunge of 63% from SAR 17.28 million in the prior-year period.
The drop in the company’s interim profit came despite the decrease in operating costs by 22% and was attributed to lower revenue and other revenues, according to a bourse statement on Sunday.
Revenues shrank by 25.2% annually in the six-month period ended last January to stand at SAR 63.188 million, while other revenues tumbled by 66%.
