Alkhaleej Training profits increase to SR9 mln during Q3, by 16%

The net profit after zakat and tax for Alkhaleej Training and Education Company grew to SR9 million during the third quarter, compared to SR8 million in the same quarter of last year, at a rate of 16%.
This came after the announcement on Thursday of the preliminary financial results for the period ending on September 30, 2022 (9 months).
The operational profit amounted to SR15 million in the third quarter, compared to SR16 million in the same quarter of the previous year, a decrease of 8%.
The gross profit amounted to SR37 million in the third quarter, compared to SR36 million in the same quarter of the previous year, a growth of 2%.
The net profit after zakat and tax in the 9-month period amounted to SR10 million, compared to SR332 thousand in the same period last year, an increase of 2994%.
Profits per share in the current period amounted to SR0.16, compared to SR0.01 in the same period last year.
The reason for the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is:
The reason for the increase in net profit during the current quarter compared to the same quarter of the last year is due to the improvement in operating and financing activities in the University & Schools sectors of the company, in addition to the positive impact of the new schools which were acquired during this quarter.
The reason for the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is:
The reason for the increase in net profit during the current quarter compared to the previous quarter of the current year is due to the improvement in operating and financing activities in the University & Schools sectors of the company, in addition to the positive impact of the new schools which were acquired during this quarter.
The reason for the increase (decrease) in the net profit during the current period compared to the same period of the last year is:
The reason for the increase in net profit during the current period compared to the same period of the last year is due to the improvement in operating and financing activities in the University & Schools sectors of the company, in addition to the positive impact of the new schools which were acquired during the current period.
Some comparative figures have been reclassified where necessary for better presentation.
Basic and diluted earnings share is calculated by dividing the profit for the period attributable to the shareholders of the Parent company by the weighted average number of ordinary shares during the period.