Alkhaleej Training and Education Co. turned to a net profit after Zakat and tax of SAR 1 million in the first half of 2022, against a net loss of SAR 7.6 million a year earlier, thanks to improvement in some operating activities in the education and call centers segments.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 399.27 | 421.76 | 5.6 % |
| Gross Income | 46.34 | 55.19 | 19.1 % |
| Operating Income | 11.40 | 0.04 | (99.7 %) |
| Net Income | (7.61) | (19.02) | (150.1 %) |
| Average Shares | 55.42 | 65.00 | 17.3 % |
| EPS (Riyals) | (0.14) | (0.29) | (113.2 %) |
The company also cited better control over operating expenses (OPEX) and higher collections during the period.
Alkhaleej Training reported a net profit after Zakat and tax of SAR 6.1 million in Q2 2022, against a net loss of SAR 3,416 a year earlier, backed by improvement in some operating activities in the education and call centers segments.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 193.40 | 205.31 | 6.2 % |
| Gross Income | 29.41 | 29.04 | (1.2 %) |
| Operating Income | 10.53 | 2.55 | (75.8 %) |
| Net Income | 0.00 | (10.70) | (356,666.7 %) |
| Average Shares | 55.42 | 65.00 | 17.3 % |
| EPS (Riyals) | 0.00 | (0.16) | (304,065.5 %) |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 219.41 | 205.31 | (6.4 %) |
| Gross Income | 26.21 | 29.04 | 10.8 % |
| Operating Income | (4.11) | 2.55 | 162.1 % |
| Net Income | (12.01) | (10.70) | 10.9 % |
| Average Shares | 65.00 | 65.00 | - |
| EPS (Riyals) | (0.18) | (0.16) | 10.9 % |
The company also cited better control over OPEX and higher collections.
Alkhaleej Training turned profitable from a loss of SAR 5.09 million in Q1 2022.
Shareholders’ equity, after minority interest, increased to SAR 770.560 million as of June 30, 2022, from SAR 636.075 million a year earlier.
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