Educational Holding Group KSCP said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, came to 989,490 dinars, a gain of 18.6% from 834,390 dinars in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 29.1% from 28.3% in the year-earlier period.
Total revenue grew 14.1% year over year to 3.4 million dinars from 2.9 million dinars, and total operating expenses increased 17.9% from the prior-year period to 1.5 million dinars from 1.3 million dinars.
Reported net income rose 15.7% from the prior-year period to 1.6 million dinars, or 1 fils per share, from 1.4 million dinars, or 1 fils per share.
As of Jan. 28, US$1 was equivalent to 30 Kuwaiti fils.
