National Education’s profit rises 3% in FY19

06/11/2019 Argaam Exclusive

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National Company for Learning and Education (NCLE) posted a 3 percent year-on-year (YoY) rise in net profit after zakat and tax to SAR 50.4 million for the fiscal year ending Aug. 31, 2019.

The profit growth was attributed to improved profit margins and other income, along with a decline in the cost of sales, and financing charges.

Financials (M)

Item	2018	2019	Change‬
Revenues	219.96	207.34	(5.7 %)
Gross Income	82.34	87.33	6.1 %
Operating Income	54.71	49.14	(10.2 %)
Net Income	48.87	50.39	3.1 %
Average Shares	30.00	43.00	43.3 %
EPS (Riyals)	1.63	1.17	(28.1 %)

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	54.08	51.22	(5.3 %)
Gross Income	20.95	23.56	12.5 %
Operating Income	14.49	13.35	(7.8 %)
Net Income	13.59	13.29	(2.2 %)
Average Shares	30.00	43.00	43.3 %
EPS (Riyals)	0.45	0.31	(31.8 %)

Item	Q3 2019	Q4 2019	Change‬
Revenues	51.36	51.22	(0.3 %)
Gross Income	21.32	23.56	10.5 %
Operating Income	10.86	13.35	23.0 %
Net Income	13.46	13.29	(1.2 %)
Average Shares	43.00	43.00	-
EPS (Riyals)	0.31	0.31	(1.2 %)

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The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

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