Riyadh – Mubasher: The net profits of the National Company for Learning and Education (NCLE) plunged by 67.5% on a yearly basis during the first quarter ended on 30 November 2020 on lower revenues.

The company’s profits totalled SAR 3.788 million in the first three months of fiscal year (FY) 2020/2021, compared with SAR 11.6 million in the prior-year period, according to a bourse disclosure on Thursday.

In the meantime, revenue for Q1-20/21 amounted to SAR 42.11 million, a yearly decrease of 16.75%.