Investor Relationship

In line with the Kingdom’s Vision 2030 AD, and our project to build a human being, we believe in the importance of preserving the Arab spirit and cultural values that distinguish us as a people, and at the same time we realize that development and progress are necessary to interact with the modern world and the future.

Alkhaleej Training and Education Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

 

Element List Current Year Previous Year %Change
Sales/Revenue 844,217,281 787,328,745 7.225
Gross Profit (Loss) 136,936,733 124,108,766 10.336
Operational Profit (Loss) 52,946,692 7,706,672 587.024
Net Profit (Loss) after Zakat and Tax 20,687,921 -21,028,145 –
Total Comprehensive Income 37,519,629 -23,048,598 –
Total Share Holders Equity (after Deducting Minority Equity) 815,462,723 593,215,896 37.464
Profit (Loss) per Share 0.48 -0.46
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The company has achieved net profits for the year 2021 as compared to net losses for the last year due to improvement in the operational results of the company’s sectors such as call centers, training, universities and schools as well as the improvement in the performance of investments of subsidiaries.
Statement of the type of external auditor’s report Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion .
Reclassification of Comparison Items The comparative figures for the prior 2021 years have been modified and reclassified for gross profit, net profit, other comprehensive income and retained earnings, as a result of amending the calculation of right of use assets and lease liabilities in line with International Financial Reporting Standard No. 16, which resulted in an increase in 2019 profits and a decrease in 2020 profits, and this was clarified in notes of the financial statements.
Additional Information Net earnings per share is calculated by dividing the profit for the year attributable to ordinary equity holders of the parent company by the weighted average number of ordinary shares outstanding during the year.

 

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