Alkhaleej Training and Education Co. announces the annual financial results for the period ending on 31-12-2017
| ELEMENT | CURRENT YEAR | PREVIOUS YEAR | % CHANGE |
|---|
| Net profit (loss) | 52,597,347 | 41,995,469 | 25.25 |
| Earning or loss per share, Riyals | 1.31 | 1.05 | – |
| Gross profit (loss) | 173,677,629 | 145,592,899 | 19.29 |
| Operational profit (loss) | 73,584,418 | 49,354,386 | 49.09 |
| All figures are in Saudi Arabia, Riyals |
| ELEMENT | EXPLAINATION |
|---|
| Reasons of annual financial results | The increase in net profit is due to increase of sales for the call centers sector as well as in Training Sector (English Language) along with the increase of profitability in the subsidiaries of the company. |
| Reclassifications in annual financial results | Due to implementation of the IFRS standards, the reclassification of some numbers for the previous year. |
| Other notes | The sales during the current year are 710 Million as compared with 630 Million for the previous year with increase of 12.50% . The total income during the current year is 54.2 Million as compared to 44.8 Million for the previous year with an increase of 21%. The shareholders equity 556 Million for the current year as compared with 524 Million for previous year with increase by 6%. |
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.
