Financial Results : Alkhaleej Training’s net profit soars to SAR 65M in Q1 2024

Alkhaleej Training’s net profit soars to SAR 65M in Q1 2024

09/05/2024 Argaam Exclusive

View other reports

Alkhaleej Training and Education Co. reported a net profit surge to SAR 65 million in Q1 2024, from SAR 3.3 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 208.32 276.48 32.7 %
Gross Income 40.55 46.90 15.6 %
Operating Income 13.37 8.77 (34.4 %)
Net Income 3.72 65.02 1647.3 %
Average Shares 65.00 65.00 -
EPS (Riyals) 0.06 1.00 1647.3 %

This was propelled by a 33% increase year-on-year (YoY) in sales to SAR 276 million, upon signing new contracts in in the call centers and the administration fields. Therefore, revenue increased by 47% YoY and 127% quarter-on-quarter.

 

On a quarterly basis, the company turned to profit from SAR 67.01 million loss in Q4 2023.

 

Shareholders’ equity, after minority interest, reached SAR 520.93 million by March 31, 2024, compared to SAR 573.37 million in the prior-year period.

 

Accumulated losses by March 31, 2024 reached SAR 38.66 million, accounting for 5.94% of capital.

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.