National Company for Learning and Education announces its interim Financial results for the period ending on 2018-11-30 ( Three Months )
Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
---|---|---|---|---|---|
Sales/Revenue | 49,877,833 | 51,135,984 | -2.46 | 50,734,020 | -1.687 |
Total Profit (Loss) | 21,075,454 | 20,358,086 | 3.523 | 20,950,437 | 0.596 |
Profit (Loss) Operational | 13,438,983 | 13,556,177 | -0.864 | 14,992,202 | -10.36 |
Net Profit (Loss) after Zakat and Tax | 11,475,227 | 11,010,422 | 4.221 | 13,153,488 | -12.759 |
Total Comprehensive Income | 12,430,227 | 9,885,422 | 25.743 | 16,538,728 | -24.841 |
All figures are in (Actual) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
---|---|---|---|
Total Share Holders Equity (after deducting minority equity) | 580,927,348 | 342,736,929 | 69.496 |
Profit (Loss) per Share | 0.36 | 0.37 | |
All figures are in (Actual) Saudi Arabia, Riyals |
Accumulated Losses | Capital | |
---|---|---|
0 | 430,000,000 |
Element List | Explanation |
---|---|
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year | increase in net profit from the last year quarter is related to decrease in cost of revenue from Salaries and employees benefits 7% and, stationaries and consumables 37% and fuel and maintenance 37%. also due to Decrease in Zakat provision |
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | Decrease in net profit compared to last quarter is related to decrease in revenues, governments grants and subsides 2.87% |
Type of the external auditor's opinion | Unmodified opinion |
Additional Information | Earning per share is calculated using the weighted average method for 78 days before increase in capital from 30 to 43 million shares and 13 days after capital increase. accordingly the weighted average for the three months ( 91 days) is 31,857,143 shares. in 18 November 2018 the company's shares has been traded in tadawul. As the Capital increased to 430 Million SAR. devided to to 43 million common shares. the company issued 13 million shares at par value 10 SAR and. the shares value on issuance day was 19 SAR offer price. the premium amount was 117 million SAR reduced to 100.98 Million SAR after deducting 16 million SAR issuance cost. The Company has implemented IFRS 9 effective from 1 September 2018. The impact of the application of the standard reduce the Equity by 5.2 million SAR. |
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