Investor Relationship

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.

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 269,518,269 294,737,757 -8.556 324,840,294 -17.03
Gross Profit (Loss) 53,385,907 61,232,692 -12.814 75,807,773 -29.577
Operational Profit (Loss) 23,473,554 29,881,046 -21.443 5,941,005 295.11
Net Profit (Loss) Attributable to Shareholders of the Issuer 1,968,378 7,161,661 -72.515 -19,061,249 –
Total Comprehensive Income Attributable to Shareholders of the Issuer 5,216,042 6,688,218 -22.011 -38,097,910 –
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Total Shareholders Equity (after Deducting Minority Equity) 515,580,255 520,203,682 -0.888
Profit (Loss) per Share 0.03 0.11
All figures are in (Actual) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value – –
Accumulated Losses -18,947,130 3
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is Current quarter revenues decreased by SAR 25 million compared to the same quarter of the previous year, reaching SAR 270 million versus SAR 295 million, representing a 9% decrease. This is primarily attributed to a decline in call center (Smart Link) segment revenues following the expiration of certain contracts, in addition to the training segment’s revenues being impacted by reduced activity at Franklin Covey UAE amidst prevailing conditions. Conversely, the schools segment helped mitigate this decline by achieving revenue growth driven by an increase in student enrollment.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Net profit for the current quarter decreased by SAR 5 million to SAR 2 million, compared to SAR 7 million in the same quarter of the previous year. This decline is primarily attributed to the restatement of the first quarter of last year, which resulted in a SAR 6 million upward adjustment in compliance with SOCPA requirements regarding revenue recognition in the schools segment. This adjustment led to revising the comparative quarter’s net profit from SAR 1 million to SAR 7 million.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The decrease in revenues during the current quarter compared to the previous quarter is attributable to several factors, most notably: a decrease in call center segment revenues following the expiration of certain contracts, as well as a decline in training segment revenues driven by seasonal nature of revenues, as the fourth quarter typically represents the highest performance period of the year.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The company turned to a net profit of SAR 2 million in the current quarter , compared to a net loss of SAR 19 million in the previous quarter. This shift to profitability is primarily attributed to the fact that the previous quarter included the recognition of an additional provision for expected credit losses.
Statement of the type of external auditor’s report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) N/A
Reclassification of Comparison Items The results for the first quarter of the previous year were restated in line with the revenue recognition standards adopted by the Saudi Organization for Chartered and Professional Accountants (SOCPA) for the schools sector, which resulted in an adjustment to the net profit for the comparative quarter.
Additional Information Earnings per share are calculated by dividing the profit for the per

 

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