Financial Results : Alkhaleej Training narrows net loss to SAR 5.1 mln in Q1 2022

Alkhaleej Training narrows net loss to SAR 5.1 mln in Q1 2022

24/05/2022 Argaam Exclusive

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Alkhaleej Training and Education Co. narrowed net loss after Zakat and tax to SAR 5.1 million in the first quarter of 2021, from SAR 7.6 million a year earlier, due to an increase in revenues and lower operating expenses.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 205.87 219.41 6.6 %
Gross Income 32.31 26.21 (18.9 %)
Operating Income 0.83 (4.11) (593.9 %)
Net Income (7.60) (12.01) (58.0 %)
Average Shares 55.42 65.00 17.3 %
EPS (Riyals) (0.14) (0.18) (34.7 %)

When compared to the previous quarter, the company turned to loss from a profit of SAR 20.36 million, due to the seasonality of schools and training activities as the fourth quarter usually achieves maximum operational profitability.

 

Shareholders’ equity, after minority interest, increased to SAR 813.55 million as of March 31, 2022, from SAR 597.88 million a year earlier.

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