NCLE net profit up 20% to SAR 31.1M in Q1 2023/24

09/01/2024 Argaam Exclusive
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National Co. for Learning and Education (NCLE) reported a net profit of SAR 31.1 million in the first quarter ended Nov. 30, 2023, a 20% increase from SAR 25.9 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 105.05 144.42 37.5 %
Gross Income 44.62 59.58 33.5 %
Operating Income 28.12 35.52 26.3 %
Net Income 25.87 31.06 20.0 %
Average Shares 43.00 43.00 -
Earnings Per Share before unusual items (Riyals) 0.60 0.72 20.0 %
EPS (Riyals) 0.60 0.72 20.0 %

The profit rise was driven by a 34% increase in revenue mainly due to the increase in the number of students enrolled in the company’s schools by 30% from 21,600 students in the same quarter of the previous year to 28,000 students during the current quarter.

 

In addition, two new educational campuses opened—TNIS in Al-Arid district and Al-Ghad Private Schools in Al-Qairawan district— in Riyadh at the beginning of the current year 2023/24.

 

Meanwhile, the acquisition of Al-Salam Education and Training Co. contributed to an increase in revenue and the number of students—not included in the same quarter of the previous year—as the full company shares were purchased in the second quarter of the previous year.

 

Compared to the previous quarter (Q4 2022/23), net profit rose 48.5% from SAR 20.92 million.

 

Total shareholders equity, no minority interest, reached SAR 735.75 million as of Nov. 30, 2023, compared to SAR 678.79 million a year earlier.

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Share Price

National Company for Learning and Education (NCLE)


Current
Market Cap (M Riyal) 7,275.60
Enterprise Value (EV) (M) 7,176.64
Shares Outstanding ((M)) 43.00
EPS ( Riyal) (TTM) 3.83
Book Value (BV) ( Riyal) 19.35
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 44.12
P/E (TTM) 44.12
Price/book 8.75
Return on Average Assets (%) (TTM) 11.8
Return on Average Equity (%) (TTM) 21.0

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Comments 1

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دون كورليتو

منذ 3 سنه

الموضوع مرتبط بالتحول نحو الطاقة النظيفة والبعد عن عن الوقود الاحفوري اكثر منه ارتباط بأشخاص....الي مأخر القصه هو التكنولوجيا الي تمكن من شحن السيارات بأسرع وقت ممكن وسعر وتكلفة انتاج البطاريات...متى تطورت التكنولوجيا المرتبطه بهذه الامور سنجد انتشار سريع للسيارات الكهربائية...ووضع احسن يخدم مناخ الارض..

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