{"id":4073,"date":"2024-07-03T09:54:10","date_gmt":"2024-07-03T09:54:10","guid":{"rendered":"https:\/\/edunew.ibda.io\/?p=4073"},"modified":"2025-04-14T16:22:24","modified_gmt":"2025-04-14T16:22:24","slug":"national-company-for-learning-and-education-announces-its-interim-financial-results-for-the-period-ending-on-2024-05-31-nine-months","status":"publish","type":"post","link":"https:\/\/edunew.ibda.io\/en\/national-company-for-learning-and-education-announces-its-interim-financial-results-for-the-period-ending-on-2024-05-31-nine-months\/","title":{"rendered":"National Company for Learning and Education announces its Interim Financial results for the Period Ending on 2024-05-31 ( Nine Months )"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n
Element List<\/th>\nCurrent Quarter<\/th>\nSimilar quarter for previous year<\/th>\n%Change<\/th>\nPrevious Quarter<\/th>\n% Change<\/th>\n<\/tr>\n<\/thead>\n
Sales\/Revenue<\/td>\n141,845,720<\/span><\/td>\n113,801,594<\/span><\/td>\n24.642<\/span><\/td>\n141,036,820<\/span><\/td>\n0.573<\/span><\/td>\n<\/tr>\n
Gross Profit (Loss)<\/td>\n62,876,708<\/span><\/td>\n49,791,422<\/span><\/td>\n26.28<\/span><\/td>\n62,780,691<\/span><\/td>\n0.152<\/span><\/td>\n<\/tr>\n
Operational Profit (Loss)<\/td>\n40,781,854<\/span><\/td>\n31,685,660<\/span><\/td>\n28.707<\/span><\/td>\n40,065,710<\/span><\/td>\n1.787<\/span><\/td>\n<\/tr>\n
Net profit (Loss)<\/td>\n34,797,880<\/span><\/td>\n27,618,178<\/span><\/td>\n25.996<\/span><\/td>\n33,993,255<\/span><\/td>\n2.367<\/span><\/td>\n<\/tr>\n
Total Comprehensive Income<\/td>\n35,160,770<\/span><\/td>\n27,162,753<\/span><\/td>\n29.444<\/span><\/td>\n35,291,070<\/span><\/td>\n-0.369<\/span><\/td>\n<\/tr>\n<\/tbody>\n
All figures are in (Actual) Saudi Arabia, Riyals<\/td>\n<\/tr>\n<\/tfoot>\n<\/table>\n

 <\/p>\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n
Element List<\/th>\nCurrent Period<\/th>\nSimilar period for previous year<\/th>\n%Change<\/th>\n<\/tr>\n<\/thead>\n
Sales\/Revenue<\/td>\n423,577,579<\/span><\/td>\n332,201,887<\/span><\/td>\n27.506<\/span><\/td>\n<\/tr>\n
Gross Profit (Loss)<\/td>\n185,238,237<\/span><\/td>\n142,925,426<\/span><\/td>\n29.604<\/span><\/td>\n<\/tr>\n
Operational Profit (Loss)<\/td>\n117,240,096<\/span><\/td>\n90,931,477<\/span><\/td>\n28.932<\/span><\/td>\n<\/tr>\n
Net profit (Loss)<\/td>\n99,850,145<\/span><\/td>\n80,864,774<\/span><\/td>\n23.477<\/span><\/td>\n<\/tr>\n
Total Comprehensive Income<\/td>\n101,482,802<\/span><\/td>\n82,486,618<\/span><\/td>\n23.029<\/span><\/td>\n<\/tr>\n
Total Shareholders Equity (after Deducting Minority Equity)<\/td>\n735,254,805<\/span><\/td>\n681,434,454<\/span><\/td>\n7.898<\/span><\/td>\n<\/tr>\n
Profit (Loss) per Share<\/td>\n2.32<\/span><\/td>\n1.88<\/span><\/td>\n<\/tr>\n<\/tbody>\n
All figures are in (Actual) Saudi Arabia, Riyals<\/td>\n<\/tr>\n<\/tfoot>\n<\/table>\n

 <\/p>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n
Element List<\/th>\nAmount<\/th>\nPercentage of the capital (%)<\/th>\n<\/tr>\n<\/thead>\n
Profit (Losses) Resulting From The Change In Investment Propertie\u2019s Fair Value<\/td>\n–<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n<\/tbody>\n
All figures are in (Actual) Saudi Arabia, Riyals<\/td>\n<\/tr>\n<\/tfoot>\n<\/table>\n

 <\/p>\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Element List<\/th>\nExplanation<\/th>\n<\/tr>\n<\/thead>\n
The reason of the increase (decrease) in the sales\/ revenues during the current quarter compared to the same quarter of the last year is<\/td>\nThe increase in revenue during the current quarter by 25% compared to the same quarter of the previous year is mainly due to the increase in the number of students enrolled in the company\u2019s schools by 21% from 23.4 thousand students in the same quarter of the previous year to 28.2 thousand students during the current quarter. In addition, two new educational campuses for TNIS in Al-Arid district and Al- Ghad Private Schools in Al-Qairawan district were opened in the city of Riyadh at the beginning of the current year 2023-2024.<\/td>\n<\/tr>\n
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is<\/td>\nThe increase in net profit during the current quarter by 26% compared to the same quarter of the previous year is due to an increase in revenue by 25% compared to the same quarter of the previous year.<\/p>\n

 <\/p>\n

The financing costs have increased during the current quarter compared to the same quarter of the previous year due to the impact of lease contracts for the two educational campuses that were opened at the beginning of the current year.<\/td>\n<\/tr>\n

The reason of the increase (decrease) in the sales\/ revenues during the current quarter compared to the previous one is<\/td>\nThe slight increase in revenue during the current quarter compared to the previous quarter is due to the slight increase in the number of students enrolled in the company\u2019s schools during the third academic semester.<\/td>\n<\/tr>\n
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is<\/td>\nThe increase in net profit during the current quarter by 2% compared to the previous quarter is due to the slight increase in revenue compared to the previous quarter.<\/p>\n

 <\/p>\n

The financing costs have increased during the current quarter compared to the previous quarter due to the decrease in the realized return from short-term Islamic Murabaha during the current quarter compared to the previous quarter.<\/td>\n<\/tr>\n

The reason of the increase (decrease) in the sales\/ revenues during the current period compared to the same period of the last year is<\/td>\nThe increase in revenue during the current period by 28% compared to the same period of the previous year is mainly due to the increase in the number of students enrolled in the company\u2019s schools by 21% from 23.4 thousand students in the same period of the previous year to 28.2 thousand students during the current period. In addition, two new educational campuses for TNIS in Al-Arid district and Al- Ghad Private Schools in Al-Qairawan district were opened in the city of Riyadh at the beginning of the current year 2023-2024.<\/p>\n

 <\/p>\n

Also, the acquisition of Al-Salam Education and Training Company contributed to an increase in revenue during the current period which its results were included starting from the second quarter of the same period last year.<\/td>\n<\/tr>\n

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is<\/td>\nThe increase in net profit during the current period by 24% compared to same period of the previous year is due to an increase in revenue by 28% compared to the same period of the previous year.<\/p>\n

 <\/p>\n

The financing costs have increased during the current period compared to the same period of the previous year due to the impact of lease contracts for the two educational campuses that were opened at the beginning of the current year and the lease contracts related to company\u2019s new projects under progress in the districts of Hetteen, Qurtubah, and Al-Narjis in the city of Riyadh.<\/td>\n<\/tr>\n

Statement of the type of external auditor’s report<\/td>\nUnmodified conclusion<\/td>\n<\/tr>\n
Comment mentioned in the external auditor\u2019s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)<\/td>\nN\/A<\/td>\n<\/tr>\n
Reclassification of Comparison Items<\/td>\nN\/A<\/td>\n<\/tr>\n
Additional Information<\/td>\nThe company uses a cost model option to measure properties.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Two new educational campuses were opened in the city of
\nRiyadh at the beginning of the current year 2023-2024.<\/p>\n","protected":false},"author":1,"featured_media":658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"output-rule":[91],"class_list":["post-4073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazines","output-rule-only-english"],"acf":[],"_links":{"self":[{"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/posts\/4073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/comments?post=4073"}],"version-history":[{"count":1,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/posts\/4073\/revisions"}],"predecessor-version":[{"id":4074,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/posts\/4073\/revisions\/4074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/media\/658"}],"wp:attachment":[{"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/media?parent=4073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/categories?post=4073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/tags?post=4073"},{"taxonomy":"output-rule","embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/output-rule?post=4073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}