Khaleej Training reports 2Q16 net losses on lower sales
Khaleej Training Company (4290.SE) reported 2Q16 net losses of SAR4.0mn, compared to net profit of SAR16.7mn in the same quarter last year, which the company attributed to lower revenue from its training and educational projects segments, start-up costs of new schools and increased net finance costs. The results were also affected negatively by having more Ramadan days in 2Q this year. Gross profit for the quarter came in at SAR20.8mn, down 49% Y-o-Y. (Company disclosure)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.