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Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Element ListCurrent QuarterSimilar Quarter For Previous Year%ChangePrevious Quarter% Change
Sales/Revenue209,913,559193,397,2738.54231,238,006-9.22
Gross Profit (Loss)24,603,72629,407,421-16.3322,342,01210.12
Operational Profit (Loss)13,422,29910,528,29527.492,806,400378.27
Net Profit (Loss) after Zakat and Tax6,112,278-3,416-5,091,823
Total Comprehensive Income-43,145,11849,840,308-1,757,1072,355.46
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar Period For Previous Year%Change
Sales/Revenue441,151,565399,269,21610.49
Gross Profit (Loss)46,945,73846,335,4921.32
Operational Profit (Loss)16,228,69911,403,50142.31
Net Profit (Loss) after Zakat and Tax1,020,455-7,605,251
Total Comprehensive Income-44,902,22550,987,466
Total Share Holders Equity (after Deducting Minority Equity)770,560,498636,074,87121.14
Profit (Loss) per Share0.02-0.17
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 company achieved profits in for the second quarter of 2022 as compared to the losses in the same quarter of the previous year. The achievement of these profits is due to the improvement in some operational activities in the Education and Call Centers sectors, as well as the improvement in the control over operating expenses and the improvement in collection for the period.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year isThe company achieved profits in the second quarter of 2022 compared to the losses achieved in the previous quarter of current year. The achievement of these profits is due to the improvement in some operational activities in the Education and call centers sectors, as well as the improvement in the control over operating expenses and the improvement in collection for the period.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year isThe company achieved profits in the current period of 2022 compared to the losses achieved in the same period of the previous year. The achievement of these profits is due to the improvement in some operational activities in the Education and Call Centers sectors, as well as the improvement in the control over operating expenses and the improvement in collection for the period.
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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