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Alkhaleej Training and Education Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

Alkhaleej Training and Education Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 214,150,927 198,368,820 7.955 216,563,535 -1.114
Total Profit (Loss) 41,416,970 37,767,315 9.663 50,871,874 -18.585
Profit (Loss) Operational 14,930,576 9,384,431 59.099 25,263,444 -40.9
Net Profit (Loss) after Zakat and Tax 7,317,389 4,259,895 71.773 17,557,284 -58.322
Total Comprehensive Income 8,114,279 3,955,888 105.119 13,953,705 -41.848
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Total Share Holders Equity (after deducting minority equity) 555,268,114 560,035,893 -0.851
Profit (Loss) per Share 0.16 0.09
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The reasons for the increase in net profit for the current quarter compared to last year 1st quarter, is related to the improvement in Sales in Training sector and Subsidiaries
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The reason for drop in net profit in the current quarter compared to previous quarter is due to seasonality factors related to Training Sector and Subsidiaries
Type of the external auditor’s opinion Unmodified opinion
Reclassifications in quarter financial result Some comparative figures have been reclassified for better presentation
Additional Information Effective 1 January 2019, the Company adopted International Financial Reporting Standard No. 16 as described in Note 1-1. The earnings per share for the same period last year were adjusted to increase capital by SR 50 million.

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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