Alkhaleej Training and Education Co. swung to a net profit after Zakat and tax of SAR 21.6 million after minority interest in 2021, against a net loss after Zakat and tax of SAR 20.7 million a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 787.33 | 842.80 | 7.0 % |
| Gross Income | 124.11 | 146.90 | 18.4 % |
| Operating Income | 7.71 | (0.01) | (100.1 %) |
| Net Income | (21.03) | (35.85) | (70.5 %) |
| Average Shares | 55.42 | 65.00 | 17.3 % |
| EPS (Riyals) | (0.38) | (0.55) | (45.3 %) |
The positive results were spurred by improved operational results across all segments, including the call centers, training, universities and schools, as well as the better performance of investments of subsidiaries.
Alkhaleej Training also turned to a net profit after Zakat and tax of SAR 21.2 million in Q4 2021, against a net loss after Zakat and tax of SAR 36.29 million in the year-ago period.
When compared to Q3 2021, net profit more than doubled from SAR 7.94 million.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 208.00 | 232.29 | 11.7 % |
| Gross Income | 12.70 | 64.13 | 404.8 % |
| Operating Income | (38.02) | (27.73) | 27.1 % |
| Net Income | (36.61) | (36.18) | 1.2 % |
| Average Shares | 55.42 | 65.00 | 17.3 % |
| EPS (Riyals) | (0.66) | (0.56) | 15.8 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 211.24 | 232.29 | 10.0 % |
| Gross Income | 36.43 | 64.13 | 76.0 % |
| Operating Income | 16.32 | (27.73) | (269.9 %) |
| Net Income | 7.94 | (36.18) | (555.8 %) |
| Average Shares | 55.42 | 65.00 | 17.3 % |
| EPS (Riyals) | 0.14 | (0.56) | (488.6 %) |
Shareholders’ equity, after minority interest, jumped 37.5% to SAR 815.462 million in 2021, from SAR 593.215 million in 2020.
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