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Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue211,238,489183,970,81214.821193,397,2739.225
Gross Profit (Loss)36,428,40442,493,889-14.27329,407,42123.874
Operational Profit (Loss)16,315,62615,384,2836.05310,528,29554.969
Net Profit (Loss) after Zakat and Tax7,936,7756,533,49321.478-3,416
Total Comprehensive Income26,459,72252,147,983-49.2649,840,308-46.91
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue610,507,705579,325,6045.382
Gross Profit (Loss)82,763,896111,405,755-25.709
Operational Profit (Loss)27,719,12745,721,712-39.374
Net Profit (Loss) after Zakat and Tax331,52415,586,017-97.872
Total Comprehensive Income77,447,18831,530,738145.624
Total Share Holders Equity (after Deducting Minority Equity)661,824,727639,422,0653.503
Profit (Loss) per Share0.010.35
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 reason for the increase in net profit during the current quarter compared to the same quarter of the previous year is due to the increase in revenues in this quarter compared to the same quarter of the previous year, in addition to the improvement in results mainly in most of the company’s sectors such as training, call centers, universities and schools.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year isThe company achieved profits in the current quarter compared to realizing a net loss in the previous quarter. This is due to the improvement in economic activity in this quarter compared to the previous quarter due to seasonal market conditions, which led to higher revenues. In addition to improving results in most of the company’s sectors such as training, call centers, schools and subsidiaries.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year isThe reason for the decrease in net profit during the current period compared to the same period of the previous year is due to the decrease in the cost of revenues, financing expenses and general and administrative expenses during the same period of the previous year due to the presence of government subsidy -saned
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 to 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 ben afrfected in these interim condesend financal statment . disclosure number 19.2
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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