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NCLE posts 4.2% rise in Q1 profits

2019-01-10 11:54:02 GMT (Economies.com)
NCLE posts 4.2% rise in Q1 profits
 

National Company for Learning and Education (NCLE)  on Thursday posted a rise of 4.2% in net profit for the first quarter ended November 30, 2018, according to a bourse statement.

Q1 profit amounted to SAR 11.5 million, a rise compared with SAR 11.01 million net profit reported in the same period a year ago.

The company attributed the profit rise to lower cost of revenues, as well as a decrease in Zakat provisions.

The company earlier posted SAR 11.5 million net profit for the first quarter ended November 30, 2018, compared with SAR 11.01 million net profit in prior-year period.

 
 
 
  Symbol Last Change Chg.%
1.1298
0.0001
0.0089%
1.3199
-0.0020
0.1539%
15.455
0.021
0.136%
58.443
-0.426
0.725%
67.03
-0.83
1.22%
1315.455
2.220
0.169%
 
 
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