Alkhaleej Training and Education Co. — Earnings Release 2011

Jul 12, 2011

ALKHALEEJ TRAINING AND EDUCATION COMPANY ANNOUNCES PRELIMINARY FINANCIAL RESULTS AS ON 30/06/2011 (SIX MONTHS)

4290 · 12/07/2011 15:58:47 · Announcement #22201 · View on Saudi Exchange

ALKHALEEJ TRAINING AND EDUCATION COMPANY ANNOUNCES PRELIMINARY FINANCIAL RESULTS AS ON 30/06/2011 (SIX MONTHS)

1-Net Profit for the Second quarter amounted to SAR 10.669.782 compared to SAR 6.937.801 for the corresponding quarter of the previous year with increase of 53.79 %. and SAR 14.495.252 for the previous quarter with decrease (26.39%).

2-Gross Profit for the Second quarter reached SAR 29.672.272 compared to the gross profit of SAR 22.520.859 for the corresponding quarter of the previous year an increase of 31.75 %.

3-Operating income for the Second quarter reached SAR 12.450.606 as compared to SAR 7.859.087 for the corresponding quarter of the previous year, an increase of 58.42 %.

4- Net Profit for the six months amounted to SAR 25.165.034 compared to SAR 18.702.067 for the corresponding period of the previous year with increase of 34.55 %.

5- Earnings per share during the 6 months is SAR (1.26), compared to SAR (0.94) for the same period of the previous year.( Earnings per share for the comparable period of 2010 has been adjusted retrospectively so as to show the impact of free shares. which is approved in 16/4/2011.)

6- Gross profit for the six months reached SAR 63.571.732 as compared to SAR 49.172.370 for the corresponding period of the previous year, an increase of 29.28 %.

7- Operating income for the six months reached SAR 30.326.785 as compared to SAR 20.263.367 for the corresponding period of the previous year, an increase of 49.66 %.

8-The increase in net profit during the year was a result of the improved sales in the government sector, increased profitability in subsidiary companies and Educational projects during this period, and the reason for decrease of second quarter profit compared to the first quarter is because of decrease in consumer sector profitability due to final tern exams in the kingdom and also reduction in the subsidiary companies profitability in the second quarter for 2011.

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