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National Company for Learning and Education announces its Interim Financial Results for the Period Ending on 2019-11-30 ( Three Months )

NCLE 4291 16.19% 139.20 19.40
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 50,588,717 49,877,883 1.425 49,329,571 2.552
Gross Profit (Loss) 20,225,305 21,075,454 -4.033 23,559,296 -14.151
Operational Profit (Loss) 12,684,597 13,438,983 -5.613 14,087,196 -9.956
Net Profit (Loss) after Zakat and Tax 11,638,626 11,475,227 1.423 13,293,996 -12.452
Total Comprehensive Income 15,300,726 12,430,227 23.092 13,213,996 15.791
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) 620,839,333 580,927,348 6.87
Profit (Loss) per Share 0.27 0.36
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to The increase in net profit for current quarter compared to the same quarter of the previous year is due to:

- Increase in revenues during the current quarter.

- decrease of the finance cost during the current quarter which resulted from the earned revenue of Islamic Murabaha.

Moreover, the net profit has improved despite the decrease in government grants and subsidization, and increase in zakat expenses during the current quarter.

Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The decrease in net profit for current quarter compared to the previous quarter is due to the decrease in cost of revenue of last quarter as it concurred with schools’ summer vacation in which the operational cost is decreased.
Basis of the External Auditor's Opinion Unmodified opinion
Additional Information Basic earnings per share is calculated by dividing income for the period attributable to the Company’s ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. The weighted average number of shares as of November 30, 2019 is 43,000,000 (November 30, 2018: 31,857,143), as a result of the increase in number of shares during the comparative period of last year from 30 million shares to 43 million shares resulted from the increase in share capital from SR 300 million to SR 430 million.

On 10 Rabi I 1440H (corresponding to 18 November 2018), the company's shares were listed and started trading on Saudi Stock Exchange (Tadawul) under code (4291). The Company's share capital increased after completion of the IPO and the increase in share capital from SR 300 million (divided into 30 million shares) to SR 430 million (divided into 43 million shares) through issuing 13 million shares at a par value of SR 10 per share. The share price on the issue date was SR 19 and the share premium was SR 117 million. The IPO expenses reduced the share premium amount by SR 16 million, therefore the share premium balance became SR 100.98 million.

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