Riyadh – Mubasher: Alkhaleej Training and Education Company registered net profits after Zakat and tax of SAR 10.25 million during the first nine months (9M) of 2022, up by 2,994% from SAR 331,524 in the same period in 2021.
Earnings per share (EPS) reached SAR 0.16 in 9M-22, compared to SAR 0.01 in 9M-21, according to a bourse filing on Thursday.
The company’s revenues grew by 7.29% annually in the January-September 2022 period to SAR 655.03 million, compared to SAR 610.50 million.
During this year’s third quarter (Q3), the Tadawul-listed firm achieved SAR 9.23 million in net profits, 16.39% higher than SAR 7.93 million in the year-ago quarter.
Meanwhile, revenues rose by 1.25% yearly to SAR 213.87 million in 9M-22 from SAR 211.23 million.
During the first half (H1) of 2022, the company shifted to net profits after Zakat and tax worth SAR 1.02 million, against net losses of SAR 7.60 million in H1-21.
Revenues went up by 10.49% year-on-year (YoY) to SAR 441.15 million in H1-22, compared to SAR 399.26 million.
