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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 2023-06-30 ( Six Months )

 

Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 212,556,014 205,313,296 3.53 208,943,196 1.73
Gross Profit (Loss) 39,214,513 29,041,593 35.03 41,892,749 -6.39
Operational Profit (Loss) 24,252,907 7,731,161 213.7 16,170,722 49.98
Net Profit (Loss) after Zakat and Tax 2,390,460 -10,702,729 – 1,456,512 64.12
Total Comprehensive Income 4,252,767 -59,960,125 – -1,641,995 –
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar Period For Previous Year %Change
Sales/Revenue 421,499,210 421,757,090 -0.06
Gross Profit (Loss) 81,107,262 55,187,723 46.97
Operational Profit (Loss) 52,905,727 18,252,597 189.85
Net Profit (Loss) after Zakat and Tax 8,599,780 -19,017,915 –
Total Comprehensive Income 7,333,024 -64,940,595 –
Total Share Holders Equity (after Deducting Minority Equity) 677,196,221 680,787,067 -0.53
Profit (Loss) per Share 0.05 -0.27
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 company reported profits for the second quarter of the current year compared to the losses reported for the second quarter of the previous year due to the positive contribution from the newly acquired schools as well as the significant improvement in the results of the training sector with increase in the revenues and the net profits of the sector.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The increase in net profits for the second quarter of this year compared to the first quarter of this year is due to the improvement in the results of the training sector with the increase in revenues and net profits of the sector.
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 company reported profits for the first six months of the current year compared to the losses reported for the same period of the previous year due to the positive contribution from the newly acquired schools as well as the significant improvement in the results of the training sector with increase in the revenues and the net profits of the sector.
Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items Some comparative figures have been reclassified where necessary for a better presentation.
Additional Information Basic and diluted earnings share is calculated by dividing the profit for the period attributable to equity holders of the parent company by the weighted average number of ordinary shares during the period

 

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