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Alkhaleej Training and Education Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Alkhaleej Training and Education Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Gross Profit (Loss)103,600,407137,175,358-24.475
Operational Profit (Loss)4,463,63020,534,847-78.263
Net Profit (Loss) after Zakat and Tax10,742,22459,359,517-81.903
Total Comprehensive Income7,312,87871,345,635-89.75
Total Share Holders Equity (after Deducting Minority Equity)596,787,341600,724,463-0.655
Profit (Loss) per Share0.241.32
All figures are in (Actual) Saudi Arabia, Riyals
The reason of the increase (decrease) in the net profit during the current year compared to the last year isThe reason for the decrease in net profit for this year compared to the previous year is the decrease in sales in general, which is mainly caused by the impact of Covid-19. also there was other income from sale and leaseback of buildings in last year.
Statement of the type of external auditor’s reportQualified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor OpinionInvestments in equity instruments designated at FVOCI include registered investmentsWith a value of SAR 14 million, we were not provided with the fair value of these investments as of December 31, 2020, and as a result we were not

We are able to determine whether it is necessary to make any adjustments related to the investment component in equity instruments through

Other comprehensive income in the statement of financial position and the items that make up the consolidated statement of comprehensive income and change in shareholders’ equity.

Reclassification of Comparison ItemsThe comparative figures for previous years have been adjusted for profitability, net zakat, gross profit and gross comprehensive income for the previous year
Additional InformationNet earnings per share is calculated by dividing the profit for the year attributable to ordinary equity holders of the parent company by the weighted average number of ordinary shares outstanding during the year.

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.