Mengly J. Quach Education plc

05/10/2024 | Press release | Distributed by Public on 05/10/2024 02:38

[Disclosure] Increase in Operating Profit/ Loss (Unofficial Translation)

Disclosure Details:

Period Quarter
1 - Details of Changes Current Quarter Previous Quarter Change Amount Change Rate (%)
- Sales Amount KHR 43,406,878,000 KHR 37,235,710,000 KHR 6,171,168,000 16.57%
- Operating Profit KHR 14,694,546,000 KHR 12,141,430,000 KHR 2,553,116,000 21.03%
- Net Profit/Loss KHR 8,898,762,000 KHR 8,351,216,000 KHR 547,546,000 6.56%
2 - Shareholder Equity ≥30 Billion KHR
3 - Description The increase in Revenue, Operating Profit and Net Profit

A comparison of our financial performance between Quarter 1, 2024, and Quarter 1, 2023, also demonstrates positive and significant growth. Our revenue for Quarter 1, 2024, amounts to KHR 43,406,878 thousand, representing a substantial increase of KHR 6,171,168 thousand, equivalent to a growth rate of 16.57%, compared to the revenue of Quarter 1, 2023 (KHR 37,235,710 thousand). Moreover, our Operating profit has risen by KHR 2,553,116 thousand, equivalent to a 21.03% increase, from KHR 12,141,430 thousand to KHR 14,694,546 thousand.

In the current fiscal year, we have successfully enhanced our operational efficiency, resulting in a noteworthy improvement in our bottom line.
The net profit for Q1-2024, in comparison to Q1-2023, has witnessed a substantial increase of KHR 547,546 thousand, reflecting an increase rate of 6.56%, transitioning from KHR 8,351,216 thousand to KHR 8,898,762 thousand.
4 - Reason The remarkable growth in Revenue and Operating Profit are result from student enrollment and efficiency in expense utilization.