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Alkhaleej Training and Education Co. announces the interim financial results for the period ending on 30-09-2017 (Nine Months)

Alkhaleej Training and Education Co. announces the interim financial results for the period ending on 30-09-2017 (Nine Months)

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CHANGE CURRENTPREVIOUS QUARTER% CHANGE PREVIOUS
Net profit (loss)20,903,51719,981,4454.6110,693,93895.47
Gross profit (loss)48,436,27939,823,59921.6335,298,42037.22
Operational profit (loss)25,325,11817,036,19348.6513,612,52986.04
All figures are in Saudi Arabia, Riyals
ELEMENTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR% CHANGE
Net profit (loss)37,863,70624,592,58553.96
Gross profit (loss)114,141,27396,530,42918.24
Operational profit (loss)48,689,39528,669,10669.83
Earning or loss per share, Riyals0.940.61
All figures are in Saudi Arabia, Riyals
ELEMENTEXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last yearincrease Net profit for the third 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 yearThe 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 quarterThe 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 resultsDue 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 notesThe sales during the current quarter are 187.4 Million as compared with 151.8 Million for the same period of the last year with increase of 23.45%. The sales during the current period are 527 Million as compared with 463 Million for the same period of the last year with increase of 13.8 %. The shareholders equity as of 30 September 2017, 548 Million compared with 517 Million as of 30 September 2016 with increase by 7%. The total income during the current quarter are 20.9 Million as compared with 19.9 Million for the same period of the last year with increase of 5% . and 10.7 million for the scound quarter of 2017 with increase of 95% The total income during the current period are 37.8 Million as compared with 24.6 Million for the same period of the last year with an increase of 53.6 %.
Minority interest as of 30 September 2017, 8 Million compared with 12 Million as of 30 September 2016 decrease by 4%

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