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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.%
1.1358
-0.0013
0.1112%
1.2689
-0.0051
0.4027%
15.303
-0.039
0.254%
58.888
1.285
2.231%
65.05
0.19
0.29%
1412.160
13.150
0.940%
 
 
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