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Knowledge Tower Trading Co. Annual Financial Results Announcement
By KlickAnalytics Data Insights | June 30, 2026 07:00PM ET
- Knowledge Tower Trading Co. reveals its annual financial results for the period ending on 2026-03-31.
- The company's sales/revenue decreased by 26.36% compared to the previous year.
- Net profit attributable to shareholders of the issuer dropped by 75.3% during the current year.
Knowledge Tower Trading Co. has disclosed its Annual Financial Results for the period ending on 2026-03-31. The company reported a 26.36% decrease in sales/revenue, with a total amount of 24,870,922 Riyals compared to 33,775,290 Riyals in the previous year. The gross profit also saw a decline of 15.3%, and the operational profit decreased by 40.26%. Moreover, the net profit attributable to shareholders of the issuer dropped by 75.3%, reflecting financial challenges that the company faced during the period.
Despite the decrease in various financial indicators, Knowledge Tower Trading Co. managed to maintain a total shareholders' equity of 24,122,930 Riyals, showing a slight increase of 4.13% compared to the previous year. The company reported a profit (loss) per share of 0.05 Riyals in the current year, contrasting with 0.2 Riyals in the prior year.
One of the reasons cited for the decline in revenues was the postponement of contracts for the sale of British curricula to schools until the completion of approvals and licenses from the Ministry of Education by publishers. This delay had a direct impact on the company's net profit, which saw a significant downturn due to the decrease in revenue.
The external auditor's report provided an unmodified opinion, with no adverse comments mentioned. However, additional information regarding profits (losses) resulting from changes in investment properties' fair value was not disclosed. Despite the challenging financial results, Knowledge Tower Trading Co. remains committed to navigating through the economic landscape and implementing strategies to drive growth and profitability in the future.
- The company's sales/revenue decreased by 26.36% compared to the previous year.
- Net profit attributable to shareholders of the issuer dropped by 75.3% during the current year.
Knowledge Tower Trading Co. has disclosed its Annual Financial Results for the period ending on 2026-03-31. The company reported a 26.36% decrease in sales/revenue, with a total amount of 24,870,922 Riyals compared to 33,775,290 Riyals in the previous year. The gross profit also saw a decline of 15.3%, and the operational profit decreased by 40.26%. Moreover, the net profit attributable to shareholders of the issuer dropped by 75.3%, reflecting financial challenges that the company faced during the period.
Despite the decrease in various financial indicators, Knowledge Tower Trading Co. managed to maintain a total shareholders' equity of 24,122,930 Riyals, showing a slight increase of 4.13% compared to the previous year. The company reported a profit (loss) per share of 0.05 Riyals in the current year, contrasting with 0.2 Riyals in the prior year.
One of the reasons cited for the decline in revenues was the postponement of contracts for the sale of British curricula to schools until the completion of approvals and licenses from the Ministry of Education by publishers. This delay had a direct impact on the company's net profit, which saw a significant downturn due to the decrease in revenue.
The external auditor's report provided an unmodified opinion, with no adverse comments mentioned. However, additional information regarding profits (losses) resulting from changes in investment properties' fair value was not disclosed. Despite the challenging financial results, Knowledge Tower Trading Co. remains committed to navigating through the economic landscape and implementing strategies to drive growth and profitability in the future.
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