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In line with the Kingdom’s Vision 2030 AD, and our project to build a human being, we believe in the importance of preserving the Arab spirit and cultural values that distinguish us as a people, and at the same time we realize that development and progress are necessary to interact with the modern world and the future.

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

 

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 193,397,273 181,592,563 6.5 205,871,943 -6.059
Gross Profit (Loss) 29,407,421 26,091,860 12.707 21,592,931 36.19
Operational Profit (Loss) 10,528,295 15,757,802 -33.186 -9,882,392 –
Net Profit (Loss) after Zakat and Tax -3,416 4,661,815 – -7,601,835 -99.955
Total Comprehensive Income 49,840,308 6,061,096 722.298 1,147,158 4,244.676
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Sales/Revenue 399,269,216 395,354,792 0.99
Gross Profit (Loss) 46,335,492 68,911,866 -32.761
Operational Profit (Loss) 11,403,501 30,337,429 -62.411
Net Profit (Loss) after Zakat and Tax -7,605,251 9,052,524 –
Total Comprehensive Income 50,987,466 -20,617,245 –
Total Share Holders Equity (after Deducting Minority Equity) 636,074,871 586,739,743 8.408
Profit (Loss) per Share -0.17 0.2
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The 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 is The 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 is The 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 report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion The 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 Items Certain 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 Information Earnings/(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.

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