Educational Holding Group KSCP said its normalized net income for the fiscal second quarter ended Feb. 28 was 1.0 million dinars, a gain from 101,310 dinars in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 30.6% from 5.2% in the year-earlier period.
Total revenue grew 73.8% year over year to 3.4 million dinars from 2.0 million dinars, and total operating expenses climbed 6.4% on an annual basis to 1.6 million dinars from 1.5 million dinars.
Reported net income increased on an annual basis to 1.6 million dinars, or 1 fils per share, from 195,780 dinars, or 0 fils per share.
As of April 22, US$1 was equivalent to 30 Kuwaiti fils.
