Alkhaleej Training and Education Co. reported a net profit after Zakat and tax of SAR 10.3 million in the first nine months of 2022, compared to SAR 331,500 a year earlier, backed by improved operating and financing activities in the education and universities segments.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Revenues | 610.51 | 644.32 | 5.5 % |
| Gross Income | 82.76 | 99.70 | 20.5 % |
| Operating Income | 27.72 | 20.29 | (26.8 %) |
| Net Income | 0.33 | (6.61) | (2090.0 %) |
| Average Shares | 55.42 | 65.00 | 17.3 % |
| EPS (Riyals) | 0.01 | (0.10) | (1796.6 %) |
The results were also lifted by the positive impact of the newly acquired schools during this period.
In Q3 2022, net profit after Zakat and tax climbed 16% to SAR 9.2 million, from SAR 7.94 million in Q3 2021, due to improvement in operating and financing activities in the universities and schools segments. The three-month results were also driven by the positive impact of the newly acquired schools during this quarter.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 211.24 | 220.40 | 4.3 % |
| Gross Income | 36.43 | 41.44 | 13.7 % |
| Operating Income | 16.32 | 18.20 | 11.6 % |
| Net Income | 7.94 | 13.80 | 73.8 % |
| Average Shares | 55.42 | 65.00 | 17.3 % |
| EPS (Riyals) | 0.14 | 0.21 | 48.2 % |
| Item | Q2 2022 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 205.31 | 220.40 | 7.3 % |
| Gross Income | 29.04 | 41.44 | 42.7 % |
| Operating Income | 2.55 | 18.20 | 613.0 % |
| Net Income | (10.70) | 13.80 | 228.9 % |
| Average Shares | 65.00 | 65.00 | - |
| EPS (Riyals) | (0.16) | 0.21 | 228.9 % |
Compared to Q2 2022, net profit surged 51.1% from SAR 6.11 million.
Total shareholders’ equity, no minority interest, increased to SAR 806.381 million as of Sept. 30, 2022, from SAR 661.825 million a year earlier.
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