Financial Results : Alkhaleej Training turns to profit of SAR 1.5 mln Q1 2023

Alkhaleej Training turns to profit of SAR 1.5 mln Q1 2023

19/06/2023 Argaam Exclusive

View other reports

Alkhaleej Training and Education Co. reported a net profit of SAR 1.5 million in Q1 2023, against a net loss of SAR 12 million in the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 219.41 208.32 (5.1 %)
Gross Income 26.21 40.55 54.7 %
Operating Income (4.11) 13.37 424.9 %
Net Income (12.01) 3.72 131.0 %
Average Shares 65.00 65.00 -
EPS (Riyals) (0.18) 0.06 131.0 %

The profit was driven by 15% YoY decline in cost of revenues and 20% YoY decline in selling and distribution expenses. In addition, the school acquisitions had a positive impact on earnings.

 

Compared to Q4 2022, the company turned to profit against a loss of SAR 13.1 million.

 

Shareholders’ equity, no minority interest, rose to SAR 694.97 million as of March 31, 2023, from SAR 813.70 million a year earlier.

View more financial results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.