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Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue205,871,943213,762,229-3.691208,003,141-1.024
Gross Profit (Loss)21,592,93134,369,762-37.17426,348,461-18.048
Operational Profit (Loss)-9,882,3926,129,383-7,104,27339.104
Net Profit (Loss) after Zakat and Tax-7,601,8354,390,709-4,843,79356.939
Total Comprehensive Income1,147,158-26,678,341-24,217,860
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Total Share Holders Equity (after Deducting Minority Equity)597,878,564591,928,6471.005
Profit (Loss) per Share-0.170.1
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year isThe decrease in net profit in the current quarter compared to the same quarter of the previous year is mainly due to the decrease in revenues for the current quarter compared with the same quarter of the previous year due to the impact of the pandemic in addition to the increase in the cost of revenues for the current quarter compared to the same quarter of the previous year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year isThe reason for the decrease in the results of the first quarter of 2021 compared to the fourth quarter of 2020 is that the fourth quarter is always the most sales period in the training sector for individuals, the government sector and subsidiary companies.
Statement of the type of external auditor’s reportUnmodified conclusion
Reclassification of Comparison Itemsno reclassification had been done
Additional Information(Loss) per share is calculated by dividing the loss for the period attributable to theshareholders of the parent company by the weighted average number of ordinary shares during the period. Diluted earnings per share does not apply to the group.

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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