Correction announcement from Alkhaleej Training and Education Co. in regards to its Annual Financial Results for the Period Ending on 31-12-2022
|Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website||2023-04-25 Corresponding to 1444-10-05|
|Hyperlink to the Previous Announcement||Click Here|
|Incorrect statements in the previous announcement||Total income for the previous year 844,217,281, gross profit for the previous year 148,860,615, gross profit for the current year 156,208,932, net loss after zakat and tax for the previous year -33,348,739 and net profit after zakat and tax for the current year 224,214, total comprehensive income for the current year -31,490,910 total Comprehensive income for the past year -30,197,060 .|
Total shareholder equity (after excluding minority interest) for the current year 715,715,581 Total shareholder equity (after excluding minority interest) for the previous year 752,903,393
The loss per share for the past year is 0.69- and the profit per share for the current year is 0.05
|Correct Statement||Total income for the pevious year 842,797,187 and gross profit for the pevious year 146,894,541 and gross profit for the current year 157,185,513 and net loss after zakat and tax for the previous year – 35,847,636 net loss after zakat and tax for the current year -2,836,980 and total comprehensive income for the current year -40,249,006 The total comprehensive income for theprevious year is -29,178,720|
Total shareholder equity (after excluding minority interest) for the current year 696,621,785 Total shareholder equity (after excluding minority interest) for the past year 736,870,791
The loss per share for the past year is -0.74, and the loss per share for the current year is -0.09.
|Additional Information||The reason for correcting the previous announcement is to change some of the assumptions used in applying the International Financial Reporting Standards for the current year and the comparative year, in addition to raising the value of the zakat provision.|
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