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

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

Element ListCurrent YearPrevious Year%Change
Sales/Revenue844,217,281787,328,7457.225
Gross Profit (Loss)136,936,733124,108,76610.336
Operational Profit (Loss)52,946,6927,706,672587.024
Net Profit (Loss) after Zakat and Tax20,687,921-21,028,145
Total Comprehensive Income37,519,629-23,048,598
Total Share Holders Equity (after Deducting Minority Equity)815,462,723593,215,89637.464
Profit (Loss) per Share0.48-0.46
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year isThe 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 reportUnmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion.
Reclassification of Comparison ItemsThe 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 InformationNet 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.

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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