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.
Other notes
The sales during the current quarter are 151.8 Million as compared with 175 Million for the same period of the last year with a decrease of 15.2%. The sales for the nine months of the current year are 463.2 Million as compared with 546.1 Million for the same period of last year with a decrease of 17.89%. The shareholders equity as of 30 September 2016, 509.5 Million compared with 504.8 Million as of 30 September 2015 with increase by 0.92%. We have successfully opened our new school in Qurtuba Riyadh as well as we have started operation of our Eshraq School in Dammam with initial number of 700 students which was already announced before. The company is fully committed to the achievement of expansion plans as it was planned.
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حقوق النشر محفوظة ، جميع المعلومات المذكورة في الموقع الإلكتروني قابلة للتغيير والتعديل دون إخطار مسبق، ولا تتحمل شركة الخليج للتدريب والتعليم أي مسؤولية عن أي ضرر ولا يوجد لدينا أي التزام لأي طرف ...
