Alkhaleej Training and Education Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

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ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
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
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
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

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