National Co. for Learning and Education reported a net profit of SAR 80.9 million for the nine months ended May 31, 2023, a 47% increase from SAR 54.9 million in the same period a year earlier.
| Item | 9m 2022 | 9m 2023 | Change |
|---|---|---|---|
| Revenues | 233.72 | 342.61 | 46.6 % |
| Gross Income | 92.17 | 142.93 | 55.1 % |
| Operating Income | 60.71 | 88.73 | 46.2 % |
| Net Income | 54.87 | 80.86 | 47.4 % |
| Average Shares | 43.00 | 43.00 | - |
| EPS (Riyals) | 1.28 | 1.88 | 47.4 % |
The profit growth is mainly due to a 45% rise in revenue, as the number of students enrolled in the company’s schools grew by 37% to 23,400 from 17,100 in the same period of the previous year.
National Learning posted a net profit of SAR 27.6 million for Q3 2022/2023, an increase of 49% from SAR 18.56 million in the same period last year, driven by higher revenue.
Sequentially, net profit rose slightly compared to SAR 27.37 million in Q2 2022/2023.
| Item | Q3 2022 | Q3 2023 | Change |
|---|---|---|---|
| Revenues | 82.05 | 117.70 | 43.5 % |
| Gross Income | 31.99 | 49.79 | 55.7 % |
| Operating Income | 20.60 | 31.07 | 50.8 % |
| Net Income | 18.56 | 27.62 | 48.8 % |
| Average Shares | 43.00 | 43.00 | - |
| EPS (Riyals) | 0.43 | 0.64 | 48.8 % |
| Item | Q2 2023 | Q3 2023 | Change |
|---|---|---|---|
| Revenues | 116.81 | 117.70 | 0.8 % |
| Gross Income | 48.51 | 49.79 | 2.6 % |
| Operating Income | 30.05 | 31.07 | 3.4 % |
| Net Income | 27.37 | 27.62 | 0.9 % |
| Average Shares | 43.00 | 43.00 | - |
| EPS (Riyals) | 0.64 | 0.64 | 0.9 % |
Total shareholders’ equity, no minority interest, stood at SAR 681.43 million as of May 31, 2023, rising from SAR 635.67 million a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}