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

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Element List	Current Quarter	Similar Quarter For Previous Year	%Change	Previous Quarter	% Change
Sales/Revenue	231,238,006	205,871,943	12.321	233,709,576	-1.057
Gross Profit (Loss)	22,342,012	32,307,868	-30.846	54,172,837	-58.757
Operational Profit (Loss)	2,806,400	832,545	237.086	25,227,565	-88.875
Net Profit (Loss) after Zakat and Tax	-5,091,823	-7,601,835	-33.018	20,356,397	–
Total Comprehensive Income	-1,757,107	1,147,158	–	-39,927,559	-95.599
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar Period For Previous Year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	813,551,636	597,878,564	36.073
Profit (Loss) per Share	-0.08	-0.17
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The 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 is	The 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 report	Unmodified conclusion
Reclassification of Comparison Items	Some comparative figures have been reclassified where necessary for better presentation
Additional Information	Earnings/(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.

The Capital Market Authority and Saudi 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.