Khaleej Training Company (4290.SE) reported 1Q19 KPIs with net profit up 72% Y-o-Y to SAR7.3mn mainly on higher revenue from the training segment and subsidiaries and stronger margins. Revenue for the quarter grew 8% Y-o-Y to SAR214.2mn. Meanwhile, gross margin widened c30bps to 19.3% with gross profit increasing 10% Y-o-Y. EBIT margin expanded a stronger c2.3ppt to 7.0% with operating profit growing 59% Y-o-Y as SG&A costs (net of other income) declined c7% Y-o-Y .
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