Alkhaleej Training and Education Co. reported a net profit of SAR 25 million for the first nine months of 2023, against a loss of SAR 6.6 million a year earlier on the significant improvement across all segments.
| Item | 9m 2022 | 9m 2023 | Change |
|---|---|---|---|
| Revenues | 644.32 | 693.28 | 7.6 % |
| Gross Income | 99.70 | 147.15 | 47.6 % |
| Operating Income | 20.29 | 68.79 | 239.0 % |
| Net Income | (6.61) | 24.99 | 478.3 % |
| Average Shares | 65.00 | 65.00 | - |
| EPS (Riyals) | (0.10) | 0.38 | 478.3 % |
The company realized a net profit of SAR 15 million in Q3 2023, a 9% increase from SAR 13.8 million in Q3 2022 due to improved performance of the training, schools and call center segments.
Sequentially, the company’s net profit surged from SAR 2.3 million in Q2 2023.
| Item | Q3 2022 | Q3 2023 | Change |
|---|---|---|---|
| Revenues | 220.40 | 273.94 | 24.3 % |
| Gross Income | 41.44 | 67.78 | 63.6 % |
| Operating Income | 18.20 | 35.51 | 95.1 % |
| Net Income | 13.80 | 14.97 | 8.5 % |
| Average Shares | 65.00 | 65.00 | - |
| EPS (Riyals) | 0.21 | 0.23 | 8.5 % |
| Item | Q2 2023 | Q3 2023 | Change |
|---|---|---|---|
| Revenues | 212.56 | 273.94 | 28.9 % |
| Gross Income | 39.22 | 67.78 | 72.8 % |
| Operating Income | 16.36 | 35.51 | 117.0 % |
| Net Income | 2.39 | 14.97 | 526.4 % |
| Average Shares | 65.00 | 65.00 | - |
| EPS (Riyals) | 0.04 | 0.23 | 526.4 % |
Shareholders’ equity, no minority interest, stood at SAR 650.10 million as of Sept. 30, 2023, from SAR 711.70 million a year earlier.
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