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Educational Holding Group KSCP fiscal Q2 profit climbs YOY

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.