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.
| 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 %) |
| 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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