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Educational Holding Group KSCP fiscal Q3 profit climbs 78.4% YOY

Educational Holding Group KSCP said its normalized net income for the fiscal third quarter ended May 31 was 911,200 dinars, an increase of 78.4% from 510,740 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 climbed to 20.2% from 20.0% in the year-earlier period.

Total revenue increased 24.2% year over year to 3.2 million dinars from 2.6 million dinars, and total operating expenses increased 5.9% from the prior-year period to 1.6 million dinars from 1.5 million dinars.

Reported net income grew 74.5% from the prior-year period to 1.5 million dinars, or 1 fils per share, from 833,200 dinars, or 0 fils per share.

As of July 23, US$1 was equivalent to 30 Kuwaiti fils.