Knowledge Tower Trading Co. reported a net profit of SAR 6.1 million for the six-month period ended on Sept 30, 2022, an increase of 32% from SAR 4.6 million in the year-earlier period.
The profit rise came mainly due to a decrease in cost of goods sold due to the company’s focus on increasing sales of educational chains covered by exclusive long-term contracts.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 19.00 | 20.94 | 10.2 % |
| Gross Income | 6.87 | 9.07 | 32.0 % |
| Operating Income | 4.73 | 6.22 | 31.5 % |
| Net Income | 4.64 | 6.11 | 31.7 % |
| Average Shares | 17.50 | 17.50 | - |
| EPS (Riyals) | 0.27 | 0.35 | 31.7 % |
Shareholders’ equity, after minority interest, stood at SAR 27.181 million as of Sept. 30, 2022, compared to SAR 27.071 million a year earlier.
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