One on One is finally turning things around and seems to be gaining momentum with its recent financial report. The company saw a net profit increase to approximately 722 percent.
The educational services company increased significantly in November 2022 quarter, they saw a net profit of J$11.2 million, which is a 722 percent increase over November 2021 when they made J$1.8 million.
Revenue also jumped 84.6 percent over the previous year, in the November period of 2021 they posted earned J$44.8 million and a year later they earned J$82.7 million. A big driver in such a jump in revenue came because of the fact that they saw an expansion of existing contracts and services to clients in the government division.
Gross profit also doubled during the same period from the prior year, 2022 numbers during the November period showed that they earned J$65.9 million up from J$30 million during that same period the prior year.
Operating expenses continue to rise as it seems as if the company has been expanding operations. They noticed a 70.70 percent increase in overall operating expenses which is J$22 million.
The total equity for the company increased from J$98 million in the prior year (2021) to J$453.1 million in November 2022.
Total assets for the November 2022 quarter were J$575.2 million compared to J$334.4 million for November 2021.
