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Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue193,397,273181,592,5636.5205,871,943-6.059
Gross Profit (Loss)29,407,42126,091,86012.70721,592,93136.19
Operational Profit (Loss)10,528,29515,757,802-33.186-9,882,392
Net Profit (Loss) after Zakat and Tax-3,4164,661,815-7,601,835-99.955
Total Comprehensive Income49,840,3086,061,096722.2981,147,1584,244.676
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue399,269,216395,354,7920.99
Gross Profit (Loss)46,335,49268,911,866-32.761
Operational Profit (Loss)11,403,50130,337,429-62.411
Net Profit (Loss) after Zakat and Tax-7,605,2519,052,524
Total Comprehensive Income50,987,466-20,617,245
Total Share Holders Equity (after Deducting Minority Equity)636,074,871586,739,7438.408
Profit (Loss) per Share-0.170.2
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year isThe decrease in net profit for the current quarter as compared to the same quarter of previous year is because there was SANED subsidy as well as the GNA and marketing cost also increased during the second quarter of current year as compared to the same quarter of last year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year isThe increase in net profit for the current quarter of the year as compared to the previous quarter is due to the increase in the revenues as well as the results improved for the Training and Call center sectors.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year isThe decrease in net profit for the current period as compared to the same period of previous year is because there was SANED subsidy as well as the GNA and marketing cost also increased for the current period as compared to the same period of last year.
Statement of the type of external auditor’s reportUnmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor OpinionThe consolidated financial statements of the Company for the year ended 31 December 2020 were audited by another auditor, who expressed a modified opinion dated 31 March 2021 due to the Company did not provide the fair value of investments amounting of SAR 15.6 million carried at Fair Value through Other Comprehensive Income.
Reclassification of Comparison ItemsCertain comparative figures have been reclassified wherever necessary for better presentation; however, profit and retained earnings have not been affected in these condensed consolidated interim financial statements. (Disclosure No. 19)
Additional InformationEarnings/(loss) per share is calculated by dividing the profit/loss for the period attributable to the shareholders of the parent company by the weighted average number of ordinary shares during the period.

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.

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