The quarterly profits of the National Education Company rose 43% to 25.9 million riyals

The preliminary financial results of the National Company for Learning and Education showed an increase in its net profits by 42.9% in the first quarter of the company’s fiscal year ending on November 30, 2022, to reach about 25.87 million riyals, after zakat and tax, compared to about 18.1 million riyals in its profits in the same quarter of the year. previous financial.

On a quarterly basis, the net profit of the National Education Company increased by 59.9% compared to a net profit of about 16.18 million riyals in the fourth quarter of the previous fiscal year.

The “National Education” said in a statement on “Tadawul Saudi Arabia”, today, Tuesday, that the increase in profits in the first quarter of the company’s fiscal year, on an annual basis, is due to the increase in revenues by 43% and is mainly due to the increase in the number of students enrolled in the company’s schools by . 40% from 15.5 thousand male and female students in the same quarter of the previous year to 21.6 thousand male and female students during the first quarter of the current fiscal year.

She added that all the educational complexes affiliated with the company witnessed a growth in the number of students, and a new educational complex affiliated with the company was opened under the name of Tarbiyah Namouthajiyah Schools in the city of Dhahran in the Eastern Province at the beginning of the current fiscal year 2022-2023 AD.