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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.%
1.1383
-0.0080
0.6957%
1.2859
0.0002
0.0136%
15.546
-0.051
0.330%
51.900
0.280
0.542%
60.98
-0.34
0.55%
1292.610
4.850
0.377%
 
 
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