Alkhaleej Training and Education Co. reported net profit after Zakat and tax of SAR 9.1 million for the first half of 2020, an increase of more than two-fold year-on-year (YoY), driven by lower cost of revenue, and a slump in marketing and administrative expenses.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Revenues | 415.39 | 395.36 | (4.8 %) |
| Gross Income | 59.45 | 68.91 | 15.9 % |
| Operating Income | 24.39 | 30.34 | 24.4 % |
| Net Income | 3.74 | 9.05 | 142.3 % |
| Average Shares | 55.42 | 55.42 | - |
| EPS (Riyals) | 0.07 | 0.16 | 142.3 % |
The company reported net profit after Zakat and tax of SAR 4.7 million for the second quarter, versus net loss of SAR 3.58 million in a year-earlier period, due to lower cost of revenue, and decreased marketing costs.
On a quarter-on-quarter basis, the profit for the current quarter rose 6.2%.
| Item | Q2 2019 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 201.24 | 181.59 | (9.8 %) |
| Gross Income | 18.04 | 26.09 | 44.7 % |
| Operating Income | 7.01 | 15.76 | 124.8 % |
| Net Income | (3.58) | 4.66 | 230.2 % |
| Average Shares | 55.42 | 55.42 | - |
| EPS (Riyals) | (0.06) | 0.08 | 230.2 % |
| Item | Q1 2020 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 213.76 | 181.59 | (15.0 %) |
| Gross Income | 42.82 | 26.09 | (39.1 %) |
| Operating Income | 14.58 | 15.76 | 8.1 % |
| Net Income | 4.39 | 4.66 | 6.2 % |
| Average Shares | 55.42 | 55.42 | - |
| EPS (Riyals) | 0.08 | 0.08 | 6.2 % |
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