Alkhaleej Training and Education Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )
ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
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Sales/Revenue | 212,030,867 | 187,451,621 | 13.112 | 175,553,383 | 20.778 |
Total Profit (Loss) | 56,372,214 | 48,436,279 | 16.384 | 20,088,288 | 180.622 |
Profit (Loss) Operational | 25,643,251 | 25,325,118 | 1.256 | -2,737,590 | – |
Net Profit (Loss) after Zakat and Tax | 18,866,766 | 20,903,517 | -9.743 | -7,148,362 | – |
Total Comprehensive Income | 17,634,783 | 18,666,588 | -5.527 | -7,269,555 | – |
All figures are in (Actual) Saudi Arabia, Riyals |
ELEMENT LIST | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | %CHANGE |
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Sales/Revenue | 585,953,070 | 526,748,209 | 11.239 |
Total Profit (Loss) | 106,927,817 | 114,141,273 | -6.319 |
Profit (Loss) Operational | 32,290,092 | 48,689,395 | -33.681 |
Net Profit (Loss) after Zakat and Tax | 16,214,528 | 37,863,706 | -57.176 |
Total Comprehensive Income | 14,556,764 | 36,107,469 | -59.684 |
Total Share Holders Equity (after deducting minority equity) | 535,233,911 | 540,480,429 | -0.97 |
Profit (Loss) per Share | 0.36 | 0.84 |
All figures are in (Actual) Saudi Arabia, Riyals |
ELEMENT LIST | EXPLANATION |
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Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year | The decrease in the net profit during the current quarter as compared to the same quarter of the previous year is due to the increase in the cost of revenues mainly from the reduction in government HRDF subsidy as well as the increase in the financing expenses. |
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | The increase in net profit for the current quarter as compared to the previous quarter of the current year, is due to the increase in the revenues for the school sector, training sector and the Subsidiaries, with addition to the decrease in the expenses for the educational projects sector due to seasonal market conditions. |
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year | The decrease in net profit during the current period of this year as compared to the corresponding period of the previous year is due to the increase in the cost of revenues because of reduction in the HRDF subsidy as well as the increase in financing expenses |
Type of the external auditor’s opinion | Unmodified opinion |
Reclassifications in quarter financial result | Figures have been rearranged or reclassified wherever necessary for better presentation however other than the adjustment mentioned in (note 16) no significant rearrangements or re classifications have been made in these interim condensed consolidated financial statements. |
Additional Information | The Group has adopted IFRS 15 and IFRS 9 from jan 1 2018 the effect of application of these standards have been fully explained in notes 3.B.a and 3.B.b.There was a change in the amount of profit per share for the same period last year due to an increase of SR 50 million in capital |
The Capital Market Authority and the Saudi Stock 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.
حقوق النشر محفوظة ، جميع المعلومات المذكورة في الموقع الإلكتروني قابلة للتغيير والتعديل دون إخطار مسبق، ولا تتحمل شركة الخليج للتدريب والتعليم أي مسؤولية عن أي ضرر ولا يوجد لدينا أي التزام لأي طرف ...
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