Alkhaleej Training and Education Co. announces the interim financial results for the period ending on 30-06-2016 (Six Months)
| ELEMENT | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | % CHANGE CURRENT | PREVIOUS QUARTER | % CHANGE PREVIOUS |
|---|
| Net profit (loss) | -3,978,449 | 16,744,147 | – | 8,243,351 | – |
| Gross profit (loss) | 20,844,834 | 40,826,432 | -48.94 | 35,545,250 | -41.36 |
| Operational profit (loss) | -147,416 | 20,245,854 | – | 11,461,310 | – |
| All figures are in Saudi Arabia, Riyals |
| ELEMENT | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | % CHANGE |
|---|
| Net profit (loss) | 4,264,902 | 32,382,284 | -86.83 |
| Gross profit (loss) | 56,390,084 | 83,339,685 | -32.34 |
| Operational profit (loss) | 11,313,894 | 39,057,023 | -71.03 |
| Earning or loss per share, Riyals | 0.11 | 0.81 | – |
| All figures are in Saudi Arabia, Riyals |
| ELEMENT | EXPLAINATION |
|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Decrease in sales for training division for both individual & Govt. sectors because of the Holy month of Ramadan in the second quarter. In addition, the decrease in sales for university projects also occurred. Furthermore, the drop in net profit in the school sector is due to opening up of new schools such as Mugharrazat, Riyadh. Finally the increase in financial expense is due to the delay in collections related to Training & University sectors. |
| Reasons of increase (decrease) for period compared with same period last year | Decrease in sales for training division for both individual & Govt. sectors because of the Holy month of Ramadan in the second quarter. In addition, the decrease in sales for university projects also occurred. Furthermore, the drop in net profit is due to opening up of new schools such as Mugharrazat, Riyadh. The increase in financial expense is due to the delay in collections related to Training & University sectors. Finally the decrease in consolidated sales occurred in our subsidiaries as well. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Decrease in sales for training division for both individual & Govt. sectors because of the Holy month of Ramadan in the second quarter. In addition, the decrease in sales for university projects Finally the increase in financial expense is due to the delay in collections related to Training & University sectors. |
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