Alkhaleej Training and Education Company announces the annual financial results for the period ending on 31-12-2015
| ELEMENT | CURRENT YEAR | PREVIOUS YEAR | % CHANGE |
|---|
| Net profit (loss) | 68,888,847 | 86,064,328 | -19.96 |
| Earning or loss per share, Riyals | 1.72 | 2.15 | – |
| Gross profit (loss) | 180,183,930 | 194,348,808 | -7.29 |
| Operational profit (loss) | 81,800,389 | 96,577,902 | -15.3 |
| All figures are in Saudi Arabia, Riyals |
| ELEMENT | EXPLAINATION |
|---|
| Reasons of annual financial results | the decrease in the current period compared with the corresponding period of the previous year is due to decline in computer sales and English language because of the holy month of Ramadan in the second quarter of 2015, as well as high social security costs resulting from the modification-Saudi employees’ salaries , decease in results of subsidiaries Co. in addition to the high financial burden during the period and decrease in other income . |
| Other notes | Earnings per share for the comparable period of 2014 has been adjusted retrospectively so as to show the impact of free shares. which is approved in 21/4/2015(40 million share) because of increase capital from 350million to 400 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.
