NCLE net profit slumps 67% to SAR 8.4 mln in H1 2020/2021

08/04/2021 Argaam Exclusive

View other reports

National Company for Learning and Education (NCLE) reported net profit after Zakat and tax of SAR 8.4 million for H1 2020/2021 ending Feb. 28, 2021, a decline of 67% year-on-year (YoY), on providing 10-15% discount on tuitions for the current academic year, in addition to lower revenue and higher cost of finance.

The second-quarter net profit after Zakat and tax dropped 66% YoY to SAR 4.6 million, driven by lower revenue on tuition discounts and the implementation of the online learning for 2020/2021.

Financials (M)

Item	6m 2020	6m 2021	Change‬
Revenues	108.58	91.05	(16.1 %)
Gross Income	44.44	30.42	(31.5 %)
Operating Income	26.52	12.05	(54.6 %)
Net Income	25.08	8.35	(66.7 %)
Average Shares	43.00	43.00	-
EPS (Riyals)	0.58	0.19	(66.7 %)

Current Quarter Comparison (M)

Compared With The

Item	Q2 2020	Q2 2021	Change‬
Revenues	56.49	46.60	(17.5 %)
Gross Income	24.22	16.51	(31.8 %)
Operating Income	14.18	6.76	(52.3 %)
Net Income	13.44	4.56	(66.0 %)
Average Shares	43.00	43.00	-
EPS (Riyals)	0.31	0.11	(66.0 %)

Item	Q1 2021	Q2 2021	Change‬
Revenues	44.45	46.60	4.8 %
Gross Income	13.91	16.51	18.7 %
Operating Income	5.29	6.76	27.9 %
Net Income	3.79	4.56	20.5 %
Average Shares	43.00	43.00	-
EPS (Riyals)	0.09	0.11	20.5 %

When compared to the previous quarter, NCLE’s net profit increased 20.5%.

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.

×