Corrective announcement from Al Khaleej Training and Education Company regarding the announcement of Al Khaleej Training and Education Company on the interim financial results for the period ending on 06-30 2021 ( Six Months )
| ELEMENT LIST | EXPLANATION |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website | 2021-08-22 Corresponding to 1443-01-14 |
| URL of the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | The reason for the decrease in net profit for the current quarter compared to the same quarter of the previous year is due to the presence of support from SANED in addition to the increase in administrative and marketing expenses during the second quarter of this year compared to the same quarter of last year. The reason for the increase in net profit for the current quarter compared to the previous quarter is due to the increase in revenues as well as the improvement in results in the training centers and call centers sectors. The reason for the decrease in net profit for the current period compared to the same period of the previous year is due to the existence of a subsidy from SANED in addition to the increase in administrative and marketing expenses during the current period compared to the same period last year. |
| Correct Statement | The reason for achieving a net loss for the current quarter compared to the same quarter of the previous year is due to the presence of support from SANED in addition to the increase in administrative and marketing expenses during the second quarter of this year compared to the same quarter of last year. The reason for the decrease in net loss for the current quarter compared to the previous quarter is due to the increase in revenues as well as the improvement in results in the training centers and call centers sectors. The reason for achieving a net loss for the current period compared to the same period of the previous year is due to the existence of a subsidy from SANED in addition to the increase in administrative and marketing expenses during the current period compared to the same period last year. |
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