Alkhaleej Q3 Profits Surge 93.5% to SAR 26 Million

Alkhaleej Training and Education Co. revealed on Sunday that net profit increased by 93.5% during the third quarter to 26 million riyals, compared to 13.4 million riyals in the same quarter last year, following the announcement today of the preliminary financial results for the duration ending Sep. 30, 2024 (nine months).
The operational profit increased by 23.6% to 50 million riyals in the third quarter, compared to 40.4 million riyals in the same quarter last year.
The company’s net profit during the 9-month duration increased by 438.9% to 94.3 million riyals, compared to 17.5 million riyals in the same duration last year.
The profits per share in the current duration reached 1.45 riyals, compared to 0.27 riyals in the same duration last year.