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Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element ListCurrent QuarterSimilar Quarter For Previous Year%ChangePrevious Quarter% Change
Sales/Revenue231,238,006205,871,94312.321233,709,576-1.057
Gross Profit (Loss)22,342,01232,307,868-30.84654,172,837-58.757
Operational Profit (Loss)2,806,400832,545237.08625,227,565-88.875
Net Profit (Loss) after Zakat and Tax-5,091,823-7,601,835-33.01820,356,397
Total Comprehensive Income-1,757,1071,147,158-39,927,559-95.599
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar Period For Previous Year%Change
Total Share Holders Equity (after Deducting Minority Equity)813,551,636597,878,56436.073
Profit (Loss) per Share-0.08-0.17
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 reason for the decrease in losses in the first quarter of the current year compared to the first quarter of the previous year is due to the increase in the revenues of the current quarter compared to the first quarter of the previous year for the schools, call centers and training sectors with a total increase of 25.3 million in addition to a reduction in some operating expenses. The first quarter refers to the seasonality of training activities, especially the consumers sector, and this appears in the company’s historical financial statements.
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 incurring losses in the 1st Quarter 2022 as compared to the fourth quarter of 2021 is due to the seasonality of schools and training activities, as shown in the company’s financials and historical statements, where the fourth quarter of each year is always the best in achieving operational profitability, affected by the results of the company’s investments in the acquired and invested companies as well as the starting of new Academic year at that time.
Statement of the type of external auditor’s reportUnmodified conclusion
Reclassification of Comparison ItemsSome comparative figures have been reclassified where necessary for better presentation
Additional InformationEarnings/(loss) per share is calculated by dividing the profit/loss for the period attributable to the shareholders of the parent company by the weighted average number of ordinary shares during the period.

 

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