Alkhaleej Training and Education Company announces the interim financial results for the period ending on 31-03-2016 (Three Months)
| ELEMENT | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | % CHANGE CURRENT | PREVIOUS QUARTER | % CHANGE PREVIOUS |
|---|
| Net profit (loss) | 8,243,351 | 15,638,137 | -47.29 | 21,556,077 | -61.76 |
| Gross profit (loss) | 35,545,250 | 42,513,253 | -16.39 | 56,190,587 | -36.74 |
| Operational profit (loss) | 11,461,310 | 18,811,169 | -39.07 | 24,684,342 | -53.57 |
| Earning or loss per share, Riyals | 0.21 | 0.39 | – | – | – |
| All figures are in Saudi Arabia, Riyals |
| ELEMENT | EXPLAINATION |
|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | the decrease in results during the first quarter of 2016 compared to the first quarter of 2015 is due to decrease the performance of educational projects , training sector and subsidiaries and increase in the financial charges |
| Reasons of increase (decrease) for period compared with same period last year | 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 The reason for decrease in results of the first quarter of 2015 as compared to the fourth quarter of 2014 is because the fourth quarter of the year is usually the highest sales for consumer, Corporate, Government and subsidiaries. |
| 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 |
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