‎Leejam’s H1 2022 get earnings leaps 87% to SAR 82 mln; Q2 down 29% to SAR 36 mln


Argaam Extraordinary

Leejam Sports Co. (Fitness Time) recorded an 87% surge in H1 2022 get earnings after Zakat and tax to SAR 82 million from SAR 43.9 million in the twelve months-precedent days.

The gymnasium operator attributed the positive outcomes to earnings progress by SAR 94 million twelve months-on-twelve months (YoY). Membership earnings rose by SAR 76 million YoY. Private coaching (PT) earnings logged a upward push of SAR 10 million on an annual foundation. Rental and diversified earnings increased by SAR 8 million.  

The earnings develop used to be primarily pushed by a upward push in the working days all over the most modern length when put next to the identical length last twelve months. In 2021, gyms were closed for 30 days. 

On the diversified hand, total and administrative (G&A) prices increased primarily due to more working days in H1 2022, when put next to the corresponding length last twelve months. 

The firm’s Q2 2022 get earnings after Zakat and tax fell 29% to SAR 36 million, when put next to SAR 50.9 million in the prior-twelve months length, due to an develop of SAR 21.81 million in the designate of earnings, collectively with a get develop in all diversified charges (including financing charges and Zakat) by SAR 4.16 million, irrespective of earnings progress of SAR 11.1 million.

Present Quarter Comparability (M)

Merchandise Q2 2021 Q2 2022 Alternate‬

5.0 %
Substandard Profits

(12.0 %)
Running Profits

(22.4 %)
Salvage Profits

(28.9 %)
Moderate Shares

EPS (Riyals)

(28.9 %)

In contrast to Q1 2022, get earnings declined 21.3% from SAR 46 million.

Entire shareholders’ equity, after minority passion, reached SAR 817.4 million as of June 30, 2022, when put next to SAR 708.40 million in the corresponding length of 2021.

Behold diversified experiences

Share Sign

Leejam Sports Co. (FITNESS TIME)

Market Cap (M Riyal) 5,615.46
Endeavor Price (EV) (M) 5,806.03
E book Price (BV) ( Riyal) 15.60
Adjusted P/E (Closing12) 22.98
P/E (TTM) 22.98
Sign/ebook 6.87
Return on Moderate Sources (%) (TTM) 9.6
Return on Moderate Fairness (%) (TTM) 32.0

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