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