Alkhaleej Training and Education Co. announces the interim financial results for the period ending on 30-06-2017 (Six Months)
| ELEMENT | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | % CHANGE CURRENT | PREVIOUS QUARTER | % CHANGE PREVIOUS |
|---|
| Net profit (loss) | 10,693,938 | -3,340,804 | – | 6,266,251 | 70.66 |
| Gross profit (loss) | 35,298,420 | 21,417,330 | 64.81 | 30,406,574 | 16.09 |
| Operational profit (loss) | 13,612,529 | 457,387 | 2,876.15 | 9,751,748 | 39.59 |
| All figures are in Saudi Arabia, Riyals |
| ELEMENT | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | % CHANGE |
|---|
| Net profit (loss) | 16,960,189 | 4,611,140 | 267.81 |
| Gross profit (loss) | 65,704,994 | 56,706,830 | 15.87 |
| Operational profit (loss) | 23,364,277 | 11,632,913 | 100.85 |
| Earning or loss per share, Riyals | 0.42 | 0.11 | – |
| All figures are in Saudi Arabia, Riyals |
| ELEMENT | EXPLAINATION |
|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Net profit for the second quarter is due to increase in sales for Call Center segment as well as Training Segment (English language). |
| Reasons of increase (decrease) for period compared with same period last year | The increase in company sales during this period is due to the company got new contracts for Call Center segment & Training Segment (English Language) as well as the improvement in IT Training Segment by decreasing the operational costs by the restructuring of the segment. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The increase in sales for Call Center segment as well as Training Segment (English language) is due the operational & training contracts started during the second quarter of 2017. |
| Reclassifications in quarterly financial results | Due to implementation of the IFRS standards, the reclassification of some numbers for this period of the year and the comparative period of last year was done. |
| Other notes | The sales during the current quarter are 171.7 Million as compared with 145 Million for the same period of the last year with increase of 18.4%. The sales during the current period are 339 Million as compared with 311 Million for the same period of the last year with increase of 9%. The shareholders equity as of 30 June 2017, 529.6 Million compared with 496.6 Million as of 30 June 2016 with increase by 6.6%. The total income during the current quarter are 10.7 Million as compared with Loss 3.3 Million for the same period of the last year . and 6.3 million for the first quarter of 2017 with increase of 70% The total income during the current period are 16.9 Million as compared with 4.6 Million for the same period of the last year with a increase of 267 %. |
The Capital Market Authority and the Saudi Stock 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.
