National Company for Learning and Education’s (NCLE) net profit after Zakat and tax rose by 6% year-on-year (YoY) to SAR 25.1 million for the first half ended Feb. 29, 2020.
The profit rise was attributed to consolidation of Al-Khawarzmi Education Company financial statements with NCLE, increase in revenues, in addition to decrease in depreciation expenses and finance costs.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Revenues | 104.75 | 108.58 | 3.7 % |
| Gross Income | 42.45 | 44.44 | 4.7 % |
| Operating Income | 24.93 | 26.52 | 6.4 % |
| Net Income | 23.64 | 25.08 | 6.1 % |
| Average Shares | 43.00 | 43.00 | - |
| EPS (Riyals) | 0.55 | 0.58 | 6.1 % |
The second-quarter net profit after Zakat and tax grew by 10.5% YoY to SAR 13.4 million, driven by higher profit margins and other income.
When compared to the previous quarter, NCLE’s net profit increased 15.5%.
| Item | Q2 2019 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 52.22 | 56.49 | 8.2 % |
| Gross Income | 21.37 | 24.22 | 13.3 % |
| Operating Income | 12.07 | 14.18 | 17.5 % |
| Net Income | 12.17 | 13.44 | 10.5 % |
| Average Shares | 43.00 | 43.00 | - |
| EPS (Riyals) | 0.28 | 0.31 | 10.5 % |
| Item | Q1 2020 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 52.10 | 56.49 | 8.4 % |
| Gross Income | 20.23 | 24.22 | 19.7 % |
| Operating Income | 12.34 | 14.18 | 14.9 % |
| Net Income | 11.64 | 13.44 | 15.5 % |
| Average Shares | 43.00 | 43.00 | - |
| EPS (Riyals) | 0.27 | 0.31 | 15.5 % |
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