Alkhaleej Training and Education Co. narrowed net loss after Zakat and tax to SAR 5.1 million in the first quarter of 2021, from SAR 7.6 million a year earlier, due to an increase in revenues and lower operating expenses.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 205.87 | 219.41 | 6.6 % |
| Gross Income | 32.31 | 26.21 | (18.9 %) |
| Operating Income | 0.83 | (4.11) | (593.9 %) |
| Net Income | (7.60) | (12.01) | (58.0 %) |
| Average Shares | 55.42 | 65.00 | 17.3 % |
| EPS (Riyals) | (0.14) | (0.18) | (34.7 %) |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 232.29 | 219.41 | (5.5 %) |
| Gross Income | 64.13 | 26.21 | (59.1 %) |
| Operating Income | (27.73) | (4.11) | 85.2 % |
| Net Income | (36.18) | (12.01) | 66.8 % |
| Average Shares | 65.00 | 65.00 | - |
| EPS (Riyals) | (0.56) | (0.18) | 66.8 % |
When compared to the previous quarter, the company turned to loss from a profit of SAR 20.36 million, due to the seasonality of schools and training activities as the fourth quarter usually achieves maximum operational profitability.
Shareholders’ equity, after minority interest, increased to SAR 813.55 million as of March 31, 2022, from SAR 597.88 million a year earlier.
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