Al Khaleej Training net profit up 84% in FY19

25/03/2020 Argaam Exclusive

Al Khaleej Training and Education Co. posted a net profit after Zakat and tax of SAR 59.46 million in the fiscal year of 2019, up 84% compared to SAR 32.35 million in 2018.

 

The company attributed the increase in net profit to the improvement of the results of the school segment on the back of sale and leaseback of 3 school properties.

 

Net profit was also driven by improvement in results of the training segment and its subsidiary companies.



Financials (M)

Item 2018 2019 Change‬
Revenues 802.52 864.19 7.7 %
Gross Income 157.80 137.18 (13.1 %)
Operating Income 66.06 41.78 (36.8 %)
Net Income 32.36 59.36 83.4 %
Average Shares 55.42 55.42 -
EPS (Riyals) 0.58 1.07 83.4 %

The company signed a sale and leaseback agreement with Al-Rajhi capital for 3 of the school properties for a period of 15 years on December 23, 2019.

 

In Q4 2019, the company's net profit after Zakat and tax surged to SAR 42.60 million, compared to net profit of SAR 18.48 million a year earlier. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 216.56 239.98 10.8 %
Gross Income 50.87 27.04 (46.8 %)
Operating Income 28.45 (5.78) (120.3 %)
Net Income 18.48 42.49 129.9 %
Average Shares 55.42 55.42 -
EPS (Riyals) 0.33 0.77 129.9 %

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Share Price

Alkhaleej Training and Education Co.
28.35
(0.05) (0.18 %)

Alkhaleej Training and Education Co. (ALKHALEEJ TRNG)

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Financial Ratios
Current
Market Cap (M Riyal) 1,842.75
Enterprise Value (EV) (M) 2,347.85
Shares Outstanding ((M)) 65.00
EPS ( Riyal) (TTM) 0.42
Book Value (BV) ( Riyal) 8.43
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) More than 100
Price/book 3.36
Return on Average Assets (%) (TTM) 1.3
Return on Average Equity (%) (TTM) 5.1
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