National Learning says student count stands at 17,100 in Q3 2021/22

National Company for Learning & Education (NCLE) said the total number of students enrolled in the company's schools rose 29% to 17,100 by the end of the third quarter ended May 31, 2022, noting that the schools’ capacity reached 29,000 students.

NCLE added that the company's schools took the third place by market share of private schools in Riyadh, the company said in a presentation to investors to discuss the financial results.

Moreover, the new educational campus, Tarbyh Namouthajiyah Schools (TNS) was opened in Al-Arid district during the three-month period, which contributed to to the increase in the number of students. NCLE achieved the profitability rates it used to achieve prior to the pandemic, despite the high operational costs of operating new campuses.

Al Rawabi schools reported the highest revenue for the third quarter at SAR 48.62 million, while its gross profit hit SAR 20.95 million.

Al Rayan schools came second with SAR 42.8 million in revenue, and a gross profit of SAR 17.97 million, as indicated in the table below:

NCLE reported a net profit after Zakat and tax of SAR 54.9 million in Q3 2021/22 compared to SAR 17.5 million a year earlier, according to data compiled by Argaam.