National Learning net profit surges to SAR 36.3 mln in H1 2021/22; Q2 at SAR 18.2 mln

07/04/2022 Argaam Exclusive

View other reports

National Company for Learning and Education (NCLE) reported a net profit after Zakat and tax of SAR 36.3 million for the first half ended Feb. 28, 2022, compared to SAR 8.4 million in the year-ago period.

Financials (M)

Item	6m 2021	6m 2022	Change‬
Revenues	91.05	151.67	66.6 %
Gross Income	30.42	60.18	97.8 %
Operating Income	12.05	40.11	232.8 %
Net Income	8.35	36.31	334.7 %
Average Shares	43.00	43.00	-
EPS (Riyals)	0.19	0.84	334.7 %

This increase was driven by a 77% rise year-on-year (YoY) in revenue, as student enrollment jumped by 23% YoY to 16,400 students by the end of H1 2021/22 from 13,300 in the prior-year period, paired with higher tuition fees.

This came despite a decline in government grants and subsidies during the current period compared with H1 2020/21, as the company benefited from the government initiative "Saned" that was launched to mitigate the financial impacts of the COVID-19 pandemic last year.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2021	Q2 2022	Change‬
Revenues	46.60	77.29	65.9 %
Gross Income	16.51	29.80	80.5 %
Operating Income	6.76	19.70	191.3 %
Net Income	4.56	18.21	298.9 %
Average Shares	43.00	43.00	-
EPS (Riyals)	0.11	0.42	298.9 %

Item	Q1 2022	Q2 2022	Change‬
Revenues	74.38	77.29	3.9 %
Gross Income	30.38	29.80	(1.9 %)
Operating Income	20.41	19.70	(3.5 %)
Net Income	18.10	18.21	0.6 %
Average Shares	43.00	43.00	-
EPS (Riyals)	0.42	0.42	0.6 %

In Q2 2021/22, net profit after Zakat and tax stood at SAR 18.2 million, up from SAR 4.56 million in the year-earlier period.

When compared to the previous quarter, net profit edged up 0.6% from SAR 18.10 million.

Total shareholders’ equity, excluding minority interest, inched up to SAR 615.071 million for H1 2021/2022 from SAR 597.420 million in the year before.

View More Financial Results

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.

×