Financial Results : Knowledge Tower’s net profit jumps 32% to SAR 6.1 mln in H1 2022/23

Knowledge Tower’s net profit jumps 32% to SAR 6.1 mln in H1 2022/23

21/11/2022 Argaam Exclusive

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Knowledge Tower Trading Co. reported a net profit of SAR 6.1 million for the six-month period ended on Sept 30, 2022, an increase of 32% from SAR 4.6 million in the year-earlier period.

 

The profit rise came mainly due to a decrease in cost of goods sold due to the company’s focus on increasing sales of educational chains covered by exclusive long-term contracts.



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 19.00 20.94 10.2 %
Gross Income 6.87 9.07 32.0 %
Operating Income 4.73 6.22 31.5 %
Net Income 4.64 6.11 31.7 %
Average Shares 17.50 17.50 -
EPS (Riyals) 0.27 0.35 31.7 %

Shareholders’ equity, after minority interest, stood at SAR 27.181 million as of Sept. 30, 2022, compared to SAR 27.071 million a year earlier.

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