Knowledge Tower Trading Co. reported a net profit jump of 50% to SAR 5.4 million for the fiscal year ended March 31, 2023, from SAR 3.6 million a year earlier.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 20.40 | 29.32 | 43.7 % |
| Gross Income | 7.62 | 11.44 | 50.1 % |
| Operating Income | 4.15 | 6.09 | 46.6 % |
| Net Income | 3.58 | 5.36 | 49.8 % |
| Average Shares | 17.50 | 17.50 | - |
| EPS (Riyals) | 0.20 | 0.31 | 49.8 % |
The company attributed the profit growth to a 43.7% rise year-on-year (YoY) in net operating revenue, thanks to higher sales of books and school education tools as students resumed physical attendance this year.
By contrast, operating expenses increased.
Shareholders’ equity, no minority interest, stood at SAR 24.24 million by the end of the 12-month period, up from SAR 21.07 million a year earlier.
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