National Co. for Learning and Education reported a net profit after Zakat and tax of SAR 54.9 million for the nine months ended May 31, 2022, a 214% increase from SAR 17.5 million in the same period a year earlier.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Revenues | 139.90 | 233.72 | 67.1 % |
| Gross Income | 48.94 | 92.17 | 88.3 % |
| Operating Income | 23.02 | 60.71 | 163.7 % |
| Net Income | 17.50 | 54.87 | 213.6 % |
| Average Shares | 43.00 | 43.00 | - |
| EPS (Riyals) | 0.41 | 1.28 | 213.6 % |
The increase in net profit is mainly due to the higher number of students enrolled in the company’s schools and the rise in tuition fees compared to the year-ago period, which included exceptional discounts to combat the COVID-19 repercussions.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 48.85 | 82.05 | 68.0 % |
| Gross Income | 18.52 | 31.99 | 72.8 % |
| Operating Income | 10.97 | 20.60 | 87.8 % |
| Net Income | 9.15 | 18.56 | 102.9 % |
| Average Shares | 43.00 | 43.00 | - |
| EPS (Riyals) | 0.21 | 0.43 | 102.9 % |
| Item | Q2 2022 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 77.29 | 82.05 | 6.2 % |
| Gross Income | 29.80 | 31.99 | 7.3 % |
| Operating Income | 19.70 | 20.60 | 4.6 % |
| Net Income | 18.21 | 18.56 | 1.9 % |
| Average Shares | 43.00 | 43.00 | - |
| EPS (Riyals) | 0.42 | 0.43 | 1.9 % |
National Learning posted a net profit of SAR 18.56 million for Q3 2021/2022, an increase of 102% from SAR 9.1 million in the same period last year.
Sequentially, net profit rose slightly compared to SAR 18.2 million in Q2 2021/2022.
Total shareholders’ equity, excluding minority interest, stood at SAR 635.67 million as of May 31, 2022, rising from SAR 607.83 million a year earlier.
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