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Al-Watania Education profits reach 168.23M
The National Educational Company achieved a rise in its profits during the first nine months of the fiscal year, with net profits reaching 168.23 million SAR, an increase of 8.52% compared to the same period last year. Revenue also grew by 12.49%, reaching 609.81 million SAR. Profits for the current quarter increased by 18.53% to 67.6 million SAR, along with a 14.85% rise in quarterly sales. The positive performance is primarily attributed to an increase in the student enrollment, which rose by 10% to reach 35,200 students, despite challenges such as reduced government support and rising certain expenses.
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