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

22/11/2020 Argaam Exclusive

View other reports

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 %

Item	Q3 2020	Q4 2020	Change‬
Revenues	57.21	59.49	4.0 %
Gross Income	24.44	36.35	48.8 %
Operating Income	14.23	24.40	71.4 %
Net Income	12.13	20.59	69.8 %
Average Shares	43.00	43.00	-
EPS (Riyals)	0.28	0.48	69.8 %

Kindly, you can view the full report by subscribing to the

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

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×