Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

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Element List	Current Quarter	Similar Quarter For Previous Year	%Change	Previous Quarter	% Change
Sales/Revenue	212,556,014	205,313,296	3.53	208,943,196	1.73
Gross Profit (Loss)	39,214,513	29,041,593	35.03	41,892,749	-6.39
Operational Profit (Loss)	24,252,907	7,731,161	213.7	16,170,722	49.98
Net Profit (Loss) after Zakat and Tax	2,390,460	-10,702,729	–	1,456,512	64.12
Total Comprehensive Income	4,252,767	-59,960,125	–	-1,641,995	–
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar Period For Previous Year	%Change
Sales/Revenue	421,499,210	421,757,090	-0.06
Gross Profit (Loss)	81,107,262	55,187,723	46.97
Operational Profit (Loss)	52,905,727	18,252,597	189.85
Net Profit (Loss) after Zakat and Tax	8,599,780	-19,017,915	–
Total Comprehensive Income	7,333,024	-64,940,595	–
Total Share Holders Equity (after Deducting Minority Equity)	677,196,221	680,787,067	-0.53
Profit (Loss) per Share	0.05	-0.27
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 company reported profits for the second quarter of the current year compared to the losses reported for the second quarter of the previous year due to the positive contribution from the newly acquired schools as well as the significant improvement in the results of the training sector with increase in the revenues and the net profits of the sector.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The increase in net profits for the second quarter of this year compared to the first quarter of this year is due to the improvement in the results of the training sector with the increase in revenues and net profits of the sector.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The company reported profits for the first six months of the current year compared to the losses reported for the same period of the previous year due to the positive contribution from the newly acquired schools as well as the significant improvement in the results of the training sector with increase in the revenues and the net profits of the sector.
Statement of the type of external auditor’s report	Unmodified conclusion
Reclassification of Comparison Items	Some comparative figures have been reclassified where necessary for a better presentation.
Additional Information	Basic and diluted earnings share is calculated by dividing the profit for the period attributable to equity holders of the parent company by the weighted average number of ordinary shares during the period

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