The Clap
National Company for Learning and Education’s (NCLE) (4291) net profit jumped by 190.5% YoY in the company’s fiscal year ending on August 31.
What
The NCLE indicated that the increase in its annual profits is due to the growth in its revenues by 75% over the previous year.
The revenue increase was driven by a 29% increase in the number of students enrolled in the company’s schools.
So What
The company managed to record a profit at the pre-pandemic level, despite having high operating costs.
Now What
The NCLE revealed that the BoD recommended distributing SAR 51.6 million in cash dividends to shareholders for the fiscal year ending on August 31.
