NCLE net profit up 15% to SAR 57.8 mln in FY 2019/20

22/11/2020 Argaam Exclusive

National Company for Learning and Education’s (NCLE) net profit after Zakat and tax increased by 15% year-on-year (YoY) to SAR 57.8 million for FY 2019/2020 ending on Aug.31, 2020. 

 

The profit jump was driven by consolidating financial statements of Al-Khawarzmi Education Co. and Al-Ghad National Schools Co., which increased the company’s revenue.



Financials (M)

Item 2019 2020 Change‬
Revenues 207.34 225.27 8.7 %
Gross Income 87.33 105.23 20.5 %
Operating Income 49.14 65.15 32.6 %
Net Income 50.39 57.80 14.7 %
Average Shares 43.00 43.00 -
EPS (Riyals) 1.17 1.34 14.7 %

The company also cited lower depreciation expenses during the year.

 

The fourth-quarter net profit after Zakat and tax jumped by 55% YoY to SAR 20.6 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 51.22 59.49 16.1 %
Gross Income 23.56 36.35 54.3 %
Operating Income 13.35 24.40 82.7 %
Net Income 13.29 20.59 54.9 %
Average Shares 43.00 43.00 -
EPS (Riyals) 0.31 0.48 54.9 %

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Share Price

National Company for Learning and Education
218.80
(1.20) (0.55 %)

National Company for Learning and Education (NCLE)

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Financial Ratios
Current
Market Cap (M Riyal) 9,408.40
Enterprise Value (EV) (M) 9,309.44
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) More than 100
P/E (TTM) More than 100
Price/book 11.31
Return on Average Assets (%) (TTM) 11.8
Return on Average Equity (%) (TTM) 21.0
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