Alkhaleej Training’s profit soars to SAR 94.4M in 9M 2024; Q3 at SAR 26.1M

03/11/2024 Argaam Exclusive

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Alkhaleej Training and Training Co. posted a net profit of SAR 94.4 million in the first nine months of 2024, compared with SAR 17.5 million in the prior year period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	691.76	851.21	23.0 %
Gross Income	158.39	168.30	6.3 %
Operating Income	61.00	61.46	0.8 %
Net Income	17.52	94.40	439.0 %
Average Shares	65.00	65.00	-
EPS (Riyals)	0.27	1.45	439.0 %

The nine-month revenues grew by 23% year-on-year (YoY) to SAR 851 million, driven mainly by a 37% surge in revenues from the call center segment, a 22% increase in revenues from the schools segment, a 40% leap in revenues from the project management division and an 8% rise in revenues from training segment.

The company reported an improvement in operational activities, especially in the training and university segments.

In addition, the signing of a sub-lease agreement for an educational and residential complex contributed to the profit growth, in addition to the reversal of the previous decline in the value of property and equipment during this quarter.

Meanwhile, Alkhaleej Training reported an increase in financing costs by SAR 9 million on a rising SIBOR rate compared to the same period last year.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	271.58	311.75	14.8 %
Gross Income	78.40	72.99	(6.9 %)
Operating Income	34.53	33.38	(3.4 %)
Net Income	13.48	26.09	93.5 %
Average Shares	65.00	65.00	-
EPS (Riyals)	0.21	0.40	93.5 %

Item	Q2 2024	Q3 2024	Change‬
Revenues	262.97	311.75	18.5 %
Gross Income	48.41	72.99	50.8 %
Operating Income	19.32	33.38	72.8 %
Net Income	3.29	26.09	692.0 %
Average Shares	65.00	65.00	-
EPS (Riyals)	0.05	0.40	692.0 %

In the third quarter, the company reported a 94% YoY surge in net profit to SAR 26 million from SAR 13.5 in Q3 2023.

Similarly, Q3 2024 net earnings leapt from SAR 3.3 million in Q2 2024.

Total shareholders’ equity, after minority interest, reached SAR 547.9 million as of Sept 30, 2024, up from SAR 530.7 million a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	187.25	6.3 %	42.51	7.6 %	18.81	11.9 %
Q2 2015	183.90	0.7 %	40.83	(8.4 %)	20.25	(13.1 %)
Q3 2015	175.01	4.6 %	41.15	(8.8 %)	18.54	(21.8 %)
Q4 2015	179.97	(8.8 %)	56.19	(13.8 %)	24.68	(29.4 %)
2015	725.95	0.3 %	180.18	(7.3 %)	81.80	(15.3 %)
Q1 2016	166.17	(11.3 %)	35.29	(17.0 %)	11.18	(40.6 %)
Q2 2016	145.22	(21.0 %)	21.42	(47.5 %)	0.46	(97.7 %)
Q3 2016	151.83	(13.2 %)	39.82	(3.2 %)	17.04	(8.1 %)
Q4 2016	166.74	(7.4 %)	49.06	(12.7 %)	20.69	(16.2 %)
2016	629.96	(13.2 %)	145.59	(19.2 %)	49.35	(39.7 %)
Q1 2017	167.57	0.8 %	30.41	(13.8 %)	9.75	(12.7 %)
Q2 2017	171.73	18.3 %	35.30	64.8 %	14.41	3053.8 %
Q3 2017	187.45	23.5 %	48.44	21.6 %	27.43	61.0 %
Q4 2017	183.24	9.9 %	69.10	40.8 %	30.01	45.1 %
2017	709.99	12.7 %	183.24	25.9 %	82.25	66.6 %
Q1 2018	198.37	18.4 %	37.77	24.2 %	10.58	8.5 %
Q2 2018	175.55	2.2 %	10.72	(69.6 %)	(1.15)	(108.0 %)
Q3 2018	212.03	13.1 %	56.37	16.4 %	28.22	2.9 %
Q4 2018	216.56	18.2 %	50.87	(26.4 %)	28.45	(5.2 %)
2018	802.52	13.0 %	157.80	(13.9 %)	66.06	(19.7 %)
Q1 2019	214.15	8.0 %	41.42	9.7 %	17.38	64.2 %
Q2 2019	201.24	14.6 %	18.04	68.3 %	7.01	710.2 %
Q3 2019	208.82	(1.5 %)	50.69	(10.1 %)	23.16	(17.9 %)
Q4 2019	239.98	10.8 %	27.04	(46.8 %)	(5.78)	(120.3 %)
2019	864.19	7.7 %	137.18	(13.1 %)	41.78	(36.8 %)
Q1 2020	213.76	(0.2 %)	42.82	3.4 %	14.58	(16.1 %)
Q2 2020	181.59	(9.8 %)	26.09	44.7 %	15.76	124.8 %
Q3 2020	183.97	(11.9 %)	42.49	(16.2 %)	15.38	(33.6 %)
Q4 2020	208.00	(13.3 %)	12.70	(53.0 %)	(38.02)	(557.7 %)
2020	787.33	(8.9 %)	124.11	(9.5 %)	7.71	(81.6 %)
Q1 2021	205.87	(3.7 %)	32.31	(24.5 %)	0.83	(94.3 %)
Q2 2021	193.40	6.5 %	29.41	12.7 %	10.53	(33.2 %)
Q3 2021	211.24	14.8 %	36.43	(14.3 %)	16.32	6.1 %
Q4 2021	232.29	11.7 %	64.13	404.8 %	(27.73)	27.1 %
2021	842.80	7.0 %	146.90	18.4 %	(0.01)	(100.1 %)
Q1 2022	219.41	6.6 %	26.21	(18.9 %)	(4.11)	(593.9 %)
Q2 2022	205.31	6.2 %	29.04	(1.2 %)	2.55	(75.8 %)
Q3 2022	220.40	4.3 %	41.44	13.7 %	18.20	11.6 %
Q4 2022	232.90	0.3 %	45.58	(28.9 %)	10.04	136.2 %
2022	877.22	4.1 %	145.28	(1.1 %)	30.33	379237.5 %
Q1 2023	208.32	(5.1 %)	40.55	54.7 %	13.37	424.9 %
Q2 2023	211.86	3.2 %	39.44	35.8 %	13.10	413.0 %
Q3 2023	271.58	23.2 %	78.40	89.2 %	34.53	89.7 %
Q4 2023	290.37	24.7 %	77.34	69.7 %	(9.34)	(193.1 %)
2023	983.65	12.1 %	224.49	54.5 %	59.44	96.0 %
Q1 2024	276.48	32.7 %	46.90	15.6 %	8.77	(34.4 %)
Q2 2024	262.97	24.1 %	48.41	22.8 %	19.32	47.5 %
Q3 2024	311.75	14.8 %	72.99	(6.9 %)	33.38	(3.4 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	724.01	9.0 %	194.35	7.1 %	96.58	8.8 %
2015	725.95	0.3 %	180.18	(7.3 %)	81.80	(15.3 %)
2016	629.96	(13.2 %)	145.59	(19.2 %)	49.35	(39.7 %)
2017	709.99	12.7 %	183.24	25.9 %	82.25	66.6 %
2018	802.52	13.0 %	157.80	(13.9 %)	66.06	(19.7 %)
2019	864.19	7.7 %	137.18	(13.1 %)	41.78	(36.8 %)
2020	787.33	(8.9 %)	124.11	(9.5 %)	7.71	(81.6 %)
2021	842.80	7.0 %	146.90	18.4 %	(0.01)	(100.1 %)
2022	877.22	4.1 %	145.28	(1.1 %)	30.33	379237.5 %
2023	983.65	12.1 %	224.49	54.5 %	59.44	96.0 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	15.64	0.2 %	0.28	-	15.64	0.28
Q2 2015	16.74	(22.2 %)	0.30	-	16.74	0.30
Q3 2015	16.45	(17.5 %)	0.30	-	16.45	0.30
Q4 2015	21.56	(33.0 %)	0.39	-	21.56	0.39
2015	68.89	(20.0 %)	1.24	-	68.89	1.24
Q1 2016	7.96	(49.1 %)	0.14	-	7.96	0.14
Q2 2016	(3.37)	(120.2 %)	(0.06)	-	(3.37)	(0.06)
Q3 2016	19.77	20.2 %	0.36	-	19.77	0.36
Q4 2016	17.65	(18.1 %)	0.32	-	17.65	0.32
2016	42.00	(39.0 %)	0.76	-	42.00	0.76
Q1 2017	6.38	(19.9 %)	0.12	-	6.38	0.12
Q2 2017	10.35	406.6 %	0.19	-	10.35	0.19
Q3 2017	20.80	5.3 %	0.38	-	20.80	0.38
Q4 2017	14.17	(19.7 %)	0.26	-	14.17	0.26
2017	51.70	23.1 %	0.93	-	51.70	0.93
Q1 2018	4.26	(33.2 %)	0.08	-	4.26	0.08
Q2 2018	(7.69)	(174.4 %)	(0.14)	-	(7.69)	(0.14)
Q3 2018	17.31	(16.8 %)	0.31	-	17.31	0.31
Q4 2018	18.48	30.4 %	0.33	-	18.48	0.33
2018	32.36	(37.4 %)	0.58	-	32.36	0.58
Q1 2019	7.32	71.8 %	0.13	-	7.32	0.13
Q2 2019	(3.58)	53.5 %	(0.06)	-	(3.58)	(0.06)
Q3 2019	13.14	(24.1 %)	0.24	-	13.14	0.24
Q4 2019	42.49	129.9 %	0.77	68.62	(26.13)	(0.47)
2019	59.36	83.4 %	1.07	68.62	(9.26)	(0.17)
Q1 2020	4.39	(40.0 %)	0.08	-	4.39	0.08
Q2 2020	4.66	230.2 %	0.08	-	4.66	0.08
Q3 2020	6.53	(50.3 %)	0.12	-	6.53	0.12
Q4 2020	(36.61)	(186.2 %)	(0.66)	-	(36.61)	(0.66)
2020	(21.03)	(135.4 %)	(0.38)	-	(21.03)	(0.38)
Q1 2021	(7.60)	(273.1 %)	(0.14)	-	(7.60)	(0.14)
Q2 2021	0.00	(100.1 %)	0.00	-	0.00	0.00
Q3 2021	7.94	21.5 %	0.14	-	7.94	0.14
Q4 2021	(36.18)	1.2 %	(0.56)	(0.63)	(35.55)	(0.55)
2021	(35.85)	(70.5 %)	(0.55)	(0.63)	(35.22)	(0.54)
Q1 2022	(12.01)	(58.0 %)	(0.18)	-	(12.01)	(0.18)
Q2 2022	(10.70)	(356,666.7 %)	(0.16)	-	(10.70)	(0.16)
Q3 2022	13.80	73.8 %	0.21	-	13.80	0.21
Q4 2022	(8.71)	75.9 %	(0.13)	-	(8.71)	(0.13)
2022	(15.31)	57.3 %	(0.24)	-	(15.31)	(0.24)
Q1 2023	3.72	131.0 %	0.06	-	3.72	0.06
Q2 2023	0.32	102.9 %	0.00	(0.75)	1.06	0.02
Q3 2023	13.48	(2.3 %)	0.21	-	13.48	0.21
Q4 2023	(67.01)	(669.8 %)	(1.03)	(19.13)	(47.88)	(0.74)
2023	(42.02)	(174.4 %)	(0.65)	(19.87)	(22.15)	(0.34)
Q1 2024	65.02	1647.3 %	1.00	76.10	(11.08)	(0.17)
Q2 2024	3.29	944.6 %	0.05	-	3.29	0.05
Q3 2024	26.09	93.5 %	0.40	12.82	13.27	0.20

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	86.07	9.2 %	1.55	-	86.07	1.55
2015	68.89	(20.0 %)	1.24	-	68.89	1.24
2016	42.00	(39.0 %)	0.76	-	42.00	0.76
2017	51.70	23.1 %	0.93	-	51.70	0.93
2018	32.36	(37.4 %)	0.58	-	32.36	0.58
2019	59.36	83.4 %	1.07	68.62	(9.26)	(0.17)
2020	(21.03)	(135.4 %)	(0.38)	-	(21.03)	(0.38)
2021	(35.85)	(70.5 %)	(0.55)	(0.63)	(35.22)	(0.54)
2022	(15.31)	57.3 %	(0.24)	-	(15.31)	(0.24)
2023	(42.02)	(174.4 %)	(0.65)	(19.87)	(22.15)	(0.34)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	26.86 %	16.14 %	12.15 %
Q2 2015	26.31 %	15.74 %	11.48 %
Q3 2015	25.50 %	15.03 %	10.89 %
Q4 2015	24.88 %	14.32 %	9.69 %
2015	24.82 %	14.26 %	9.49 %
Q1 2016	24.60 %	13.91 %	8.89 %
Q2 2016	23.12 %	12.00 %	6.39 %
Q3 2016	23.74 %	12.50 %	7.14 %
Q4 2016	23.11 %	11.74 %	6.67 %
2016	23.11 %	11.74 %	6.67 %
Q1 2017	22.29 %	11.39 %	6.40 %
Q2 2017	23.50 %	12.64 %	8.23 %
Q3 2017	23.53 %	13.71 %	7.96 %
Q4 2017	25.81 %	15.15 %	7.28 %
2017	25.81 %	15.24 %	7.28 %
Q1 2018	25.73 %	14.72 %	6.69 %
Q2 2018	22.30 %	12.86 %	4.24 %
Q3 2018	22.61 %	12.31 %	3.65 %
Q4 2018	19.40 %	11.00 %	4.03 %
2018	19.66 %	10.99 %	4.03 %
Q1 2019	19.48 %	12.19 %	4.33 %
Q2 2019	19.75 %	13.54 %	4.68 %
Q3 2019	19.15 %	13.60 %	4.20 %
Q4 2019	15.87 %	9.73 %	(1.07 %)
2019	15.87 %	9.73 %	(1.07 %)
Q1 2020	16.04 %	9.35 %	(1.41 %)
Q2 2020	17.37 %	10.66 %	(0.47 %)
Q3 2020	16.90 %	10.12 %	(1.29 %)
Q4 2020	15.76 %	8.15 %	(2.67 %)
2020	15.76 %	8.15 %	(2.67 %)
Q1 2021	14.57 %	6.88 %	(4.24 %)
Q2 2021	14.78 %	5.85 %	(4.76 %)
Q3 2021	13.54 %	6.47 %	(4.43 %)
Q4 2021	19.25 %	8.04 %	(4.18 %)
2021	17.43 %	8.04 %	(4.18 %)
Q1 2022	18.24 %	7.58 %	(4.63 %)
Q2 2022	17.95 %	7.37 %	(5.80 %)
Q3 2022	18.33 %	7.36 %	(5.07 %)
Q4 2022	16.20 %	11.97 %	(2.01 %)
2022	16.56 %	12.83 %	(1.75 %)
Q1 2023	18.07 %	14.48 %	(0.22 %)
Q2 2023	19.12 %	15.74 %	1.13 %
Q3 2023	22.06 %	17.20 %	1.03 %
Q4 2023	24.00 %	13.30 %	(3.02 %)
2023	22.82 %	14.07 %	(2.25 %)
Q1 2024	23.05 %	12.09 %	(4.23 %)
Q2 2024	22.79 %	12.02 %	(3.83 %)
Q3 2024	21.52 %	11.44 %	(3.71 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	26.84 %	15.57 %	11.89 %
2015	24.82 %	14.26 %	9.49 %
2016	23.11 %	11.74 %	6.67 %
2017	25.81 %	15.24 %	7.28 %
2018	19.66 %	10.99 %	4.03 %
2019	15.87 %	9.73 %	(1.07 %)
2020	15.76 %	8.15 %	(2.67 %)
2021	17.43 %	8.04 %	(4.18 %)
2022	16.56 %	12.83 %	(1.75 %)
2023	22.82 %	14.07 %	(2.25 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	22.70 %	12.74 %	8.35 %
Q2 2015	22.20 %	13.57 %	9.10 %
Q3 2015	23.51 %	13.31 %	9.40 %
Q4 2015	31.22 %	17.70 %	11.98 %
Q1 2016	21.24 %	10.83 %	4.79 %
Q2 2016	14.75 %	4.71 %	(2.32 %)
Q3 2016	26.23 %	15.60 %	13.02 %
Q4 2016	29.42 %	15.27 %	10.58 %
Q1 2017	18.15 %	9.51 %	3.81 %
Q2 2017	20.55 %	10.52 %	6.02 %
Q3 2017	25.84 %	19.00 %	11.10 %
Q4 2017	37.71 %	20.69 %	7.73 %
Q1 2018	19.04 %	8.79 %	2.15 %
Q2 2018	6.10 %	2.74 %	(4.38 %)
Q3 2018	26.59 %	16.28 %	8.16 %
Q4 2018	23.49 %	14.54 %	8.53 %
Q1 2019	19.34 %	13.50 %	3.42 %
Q2 2019	8.96 %	9.63 %	(1.78 %)
Q3 2019	24.27 %	16.54 %	6.29 %
Q4 2019	11.27 %	0.52 %	(10.89 %)
Q1 2020	20.03 %	11.97 %	2.05 %
Q2 2020	14.37 %	15.74 %	2.57 %
Q3 2020	23.10 %	14.96 %	3.55 %
Q4 2020	6.11 %	(8.43 %)	(17.60 %)
Q1 2021	15.69 %	7.31 %	(3.69 %)
Q2 2021	15.21 %	10.99 %	0.00 %
Q3 2021	17.25 %	16.18 %	3.76 %
Q4 2021	27.61 %	(1.18 %)	(15.30 %)
Q1 2022	11.95 %	5.57 %	(5.47 %)
Q2 2022	14.15 %	9.89 %	(5.21 %)
Q3 2022	18.80 %	15.79 %	6.26 %
Q4 2022	19.57 %	16.21 %	(3.74 %)
Q1 2023	19.47 %	15.69 %	1.79 %
Q2 2023	18.61 %	15.22 %	0.50 %
Q3 2023	28.87 %	20.76 %	4.96 %
Q4 2023	26.63 %	3.22 %	(16.49 %)
Q1 2024	16.96 %	10.49 %	(4.01 %)
Q2 2024	18.41 %	14.33 %	1.25 %
Q3 2024	23.41 %	17.49 %	4.26 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	55.42	1.61	1.61	9.04
Q2 2015	55.42	1.52	1.52	8.80
Q3 2015	55.42	1.46	1.46	9.11
Q4 2015	55.42	1.27	1.27	9.47
Q1 2016	55.42	1.13	1.13	9.62
Q2 2016	55.42	0.77	0.77	8.83
Q3 2016	55.42	0.83	0.83	9.19
Q4 2016	55.42	0.76	0.76	9.47
Q1 2017	55.42	0.73	0.73	9.58
Q2 2017	55.42	0.98	0.98	9.38
Q3 2017	55.42	1.00	1.00	9.75
Q4 2017	55.42	0.93	0.93	9.80
Q1 2018	55.42	0.89	0.89	10.11
Q2 2018	55.42	0.57	0.57	9.35
Q3 2018	55.42	0.51	0.51	9.66
Q4 2018	55.42	0.58	0.58	9.87
Q1 2019	55.42	0.64	0.64	10.02
Q2 2019	55.42	0.71	0.71	9.97
Q3 2019	55.42	0.64	0.64	10.20
Q4 2019	55.42	1.07	(0.17)	10.84
Q1 2020	55.42	1.02	(0.22)	10.68
Q2 2020	55.42	1.17	(0.07)	10.59
Q3 2020	55.42	1.05	(0.19)	11.54
Q4 2020	55.42	(0.38)	(0.38)	10.70
Q1 2021	55.42	(0.60)	(0.60)	10.79
Q2 2021	55.42	(0.68)	(0.68)	11.48
Q3 2021	55.42	(0.65)	(0.65)	11.94
Q4 2021	65.00	(0.55)	(0.54)	11.34
Q1 2022	65.00	(0.62)	(0.61)	12.52
Q2 2022	65.00	(0.78)	(0.77)	10.35
Q3 2022	65.00	(0.69)	(0.68)	10.84
Q4 2022	65.00	(0.27)	(0.27)	8.80
Q1 2023	65.00	(0.03)	(0.03)	8.82
Q2 2023	65.00	0.14	0.15	8.54
Q3 2023	65.00	0.14	0.15	8.17
Q4 2023	65.00	(0.76)	(0.46)	7.08
Q1 2024	65.00	0.18	(0.68)	8.01
Q2 2024	65.00	0.23	(0.65)	7.90
Q3 2024	65.00	0.42	(0.65)	8.43

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	55.42	1.55	1.55	8.75
2015	55.42	1.24	1.24	9.47
2016	55.42	0.76	0.76	9.47
2017	55.42	0.93	0.93	9.80
2018	55.42	0.58	0.58	9.87
2019	55.42	1.07	(0.17)	10.84
2020	55.42	(0.38)	(0.38)	10.70
2021	65.00	(0.55)	(0.54)	11.34
2022	65.00	(0.24)	(0.24)	8.80
2023	65.00	(0.65)	(0.34)	7.08

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	28.28	28.28	5.04
Q2 2015	30.22	30.22	5.24
Q3 2015	26.60	26.60	4.27
Q4 2015	22.98	22.98	3.08
Q1 2016	21.78	21.78	2.56
Q2 2016	30.63	30.63	2.67
Q3 2016	14.79	14.79	1.33
Q4 2016	22.20	22.20	1.78
Q1 2017	22.04	22.04	1.68
Q2 2017	14.46	14.46	1.51
Q3 2017	17.95	17.95	1.83
Q4 2017	18.02	18.02	1.72
Q1 2018	18.39	18.39	1.63
Q2 2018	26.16	26.16	1.59
Q3 2018	22.76	22.76	1.19
Q4 2018	21.23	21.23	1.26
Q1 2019	20.47	20.47	1.31
Q2 2019	17.54	17.54	1.26
Q3 2019	19.64	19.64	1.23
Q4 2019	12.34	NEG	1.22
Q1 2020	12.28	NEG	1.17
Q2 2020	10.93	NEG	1.20
Q3 2020	23.44	NEG	2.13
Q4 2020	NEG	NEG	2.00
Q1 2021	NEG	NEG	2.20
Q2 2021	NEG	NEG	2.56
Q3 2021	NEG	NEG	2.27
Q4 2021	NEG	NEG	1.62
Q1 2022	NEG	NEG	1.49
Q2 2022	NEG	NEG	1.39
Q3 2022	NEG	NEG	1.33
Q4 2022	NEG	NEG	1.56
Q1 2023	NEG	NEG	1.87
Q2 2023	More than 100	More than 100	2.78
Q3 2023	More than 100	More than 100	2.34
Q4 2023	NEG	NEG	3.63
Q1 2024	More than 100	NEG	3.39
Q2 2024	More than 100	NEG	3.88
Q3 2024	68.83	NEG	3.44

Period	P/E	Adjusted P/E	Price/book
2014	31.32	31.32	5.56
2015	23.48	23.48	3.08
2016	22.20	22.20	1.78
2017	18.02	18.02	1.72
2018	21.23	21.23	1.26
2019	12.34	NEG	1.22
2020	NEG	NEG	2.00
2021	NEG	NEG	1.62
2022	NEG	NEG	1.56
2023	NEG	NEG	3.63

Business Segments (Million)

Compared With The

Period	Call Centers	Schools	management projects	training	University	Language	Financial & Administrational Training	Computer	Others
Q1 2015	57.62	11.15	-	-	44.01	20.49	14.73	39.26	-
Q2 2015	58.22	9.70	-	-	45.12	17.11	16.31	37.44	-
Q3 2015	63.42	11.49	-	-	35.92	16.86	14.45	32.86	-
Q4 2015	49.83	15.99	-	-	32.77	24.05	8.68	48.46	-
Q1 2016	61.74	15.00	-	-	29.04	15.16	16.68	28.54	-
Q2 2016	-	13.86	-	-	24.34	11.06	10.06	26.55	-
Q3 2016	-	17.93	-	-	19.50	17.30	8.00	28.70	-
Q4 2016	-	22.83	-	-	20.07	12.62	26.13	24.02	-
Q1 2017	73.65	27.36	-	-	18.81	13.02	13.85	20.87	-
Q2 2017	-	18.14	-	-	17.00	23.53	14.16	20.55	-
Q3 2017	-	21.81	-	-	13.02	33.97	12.88	28.68	-
Q4 2017	-	28.64	-	-	26.12	28.74	20.53	34.39	-
Q1 2018	82.49	30.74	-	-	22.33	16.31	23.45	23.06	-
Q2 2018	-	17.14	-	-	20.37	11.69	23.16	20.73	-
Q3 2018	-	34.70	-	-	15.97	22.10	25.05	31.84	-
Q4 2018	-	26.19	-	-	25.98	19.17	26.65	30.78	-
Q1 2019	92.61	30.18	-	-	25.66	15.59	18.76	31.35	-
Q2 2019	90.81	30.32	-	-	22.23	10.39	17.79	29.71	-
Q3 2019	87.75	33.86	-	-	18.69	22.50	18.78	27.23	-
Q4 2019	93.82	32.73	-	-	27.28	16.14	26.87	43.14	-
Q1 2020	88.62	43.44	-	-	26.72	13.31	17.03	24.63	-
Q2 2020	-	34.17	-	-	22.27	7.41	10.90	13.04	-
Q3 2020	-	24.65	-	-	19.08	6.03	16.91	25.39	-
Q1 2021	101.20	25.91	20.49	36.10	22.17	-	-	-	-
Q2 2021	-	26.01	5.36	46.11	18.21	-	-	-	-
Q3 2021	-	30.94	15.79	57.03	17.64	-	-	-	-
Q4 2021	-	35.83	60.15	(19.67)	62.96	-	-	-	-
Q1 2022	96.73	36.81	25.63	19.58	40.67	-	-	-	-
Q1 2023	81.90	53.44	8.07	31.12	33.80	-	-	-	-
Q1 2024	120.10	66.15	18.34	39.50	32.39	-	-	-	-
Q2 2024	114.83	65.70	17.90	33.47	31.08	-	-	-	-

Period	Call Centers	Schools	management projects	training	University	Language	Financial & Administrational Training	Computer	Others
2014	209.38	35.02	-	-	173.47	82.93	60.04	163.17	-
2015	229.09	48.33	-	-	157.83	78.51	54.18	158.03	-
2016	242.98	69.63	-	-	92.95	56.14	60.88	107.39	-
2017	273.91	95.96	-	-	74.96	99.26	61.41	104.49	-
2018	335.12	108.76	-	-	84.65	69.27	98.31	106.40	-
2019	364.99	127.09	-	-	93.86	64.62	82.20	131.43	-
2020	383.18	128.16	67.98	122.61	92.33	-	-	-	-
2021	381.76	118.69	101.79	119.58	120.97	-	-	-	-
2022	373.48	179.01	45.07	131.57	148.08	-	-	-	-
2023	397.04	239.18	60.40	161.03	126.00	-	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	1,868.75
Enterprise Value (EV) (M)	2,373.85
Shares Outstanding ((M))	65.00
EPS ( Riyal) (TTM)	0.42
Book Value (BV) ( Riyal)	8.43
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	More than 100
Price/book	3.41
Return on Average Assets (%) (TTM)	1.3
Return on Average Equity (%) (TTM)	5.1

Alkhaleej Training and Education Co. (ALKHALEEJ TRNG)

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Alkhaleej Training’s profit soars to SAR 94.4M in 9M 2024; Q3 at SAR 26.1M

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Alkhaleej Training’s profit soars to SAR 94.4M in 9M 2024; Q3 at SAR 26.1M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2024

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Alkhaleej Training and Education Co. (ALKHALEEJ TRNG)

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