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Al Khaleej Training and Education Company's earnings dropped (-9,743)% to Rs 18,8 million at the end of the third quarter of 2018 compared to the 20,9 million Rls earnings achieved during the same period last year .
Total profit for the period ending 2018-09-30 amounted to approximately 16.2 million riyals compared to 37.8 million riyals for the same period last year, a decrease (57,176)%.
Earnings per share amounted to US $ 0.36 compared to 0.84 for the same period last year.
"The main reason for the decline in net profits in the current quarter compared to the same quarter last year is the increase in revenue costs, mainly due to lower support and higher financing costs"
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