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Alkhaleej Training and Education Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

Alkhaleej Training and Education Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue214,150,927198,368,8207.955216,563,535-1.114
Total Profit (Loss)41,416,97037,767,3159.66350,871,874-18.585
Profit (Loss) Operational14,930,5769,384,43159.09925,263,444-40.9
Net Profit (Loss) after Zakat and Tax7,317,3894,259,89571.77317,557,284-58.322
Total Comprehensive Income8,114,2793,955,888105.11913,953,705-41.848
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Total Share Holders Equity (after deducting minority equity)555,268,114560,035,893-0.851
Profit (Loss) per Share0.160.09
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous yearThe reasons for the increase in net profit for the current quarter compared to last year 1st quarter, is related to the improvement in Sales in Training sector and Subsidiaries
Reason for increase (decrease) in net profit for current quarter compared to the previous quarterThe reason for drop in net profit in the current quarter compared to previous quarter is due to seasonality factors related to Training Sector and Subsidiaries
Type of the external auditor’s opinionUnmodified opinion
Reclassifications in quarter financial resultSome comparative figures have been reclassified for better presentation
Additional InformationEffective 1 January 2019, the Company adopted International Financial Reporting Standard No. 16 as described in Note 1-1. The earnings per share for the same period last year were adjusted to increase capital by SR 50 million.

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.

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