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Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine Months )

Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue183,970,812208,818,237-11.899181,592,5631.309
Gross Profit (Loss)28,790,32450,684,575-43.19714,091,860104.304
Operational Profit (Loss)1,680,71820,646,020-91.8593,757,802-55.273
Net Profit (Loss) after Zakat and Tax6,533,49313,134,793-50.2584,661,81540.149
Total Comprehensive Income52,147,98313,027,507300.2911,399,2813,626.769
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue579,325,604624,208,697-7.19
Gross Profit (Loss)77,251,946110,136,796-29.858
Operational Profit (Loss)11,567,90339,222,703-70.507
Net Profit (Loss) after Zakat and Tax15,586,01716,870,773-7.615
Total Comprehensive Income31,530,73818,167,44873.556
Total Share Holders Equity (after Deducting Minority Equity)639,422,065565,321,28313.107
Profit (Loss) per Share0.350.37
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed toThe drop in net profit in current quarter compared to previous year quarter is mainly related to COVID-19 which lead to a drop in revenue from consumer sales across all subsidiaries and business units.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed toThe increase in net profit in the current quarter compared to previous quarter is due to the fact that revenue increased due to better economic activity in the current quarter.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed toThe drop in YTD net profit for the current year compared to previous YTD profit is related to drop in sales due to COVID-19
Basis of the External Auditor’s OpinionUnmodified opinion
Reclassification of Comparison ItemsCertain comparative amounts have been adjusted to conform to the current period presentation,

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