The Saudi Gulf Training and Education Company's quarterly profits increased by 21.4% to reach 7.9 million riyals in the third quarter of 2021, compared to 6.5 million riyals in the same period of 2020. And compared to losses in the previous quarter of 3.4 million riyals.
According to Arabia Net, the value of operating profits in the third quarter of 2021 amounted to about 16.3 million riyals, compared to 15.3 million riyals, in the third quarter of 2020, a decrease of 14%.
During the first nine months of 2021, the value of Gulf Training's operational profits amounted to 27.7 million riyals, compared to 45.7 million riyals in the corresponding period of the previous year, a decline of 39%.
The company said that the increase in net profit during the current quarter compared to the same quarter of the previous year is due to the increase in revenues in addition to the improvement in results mainly in most of the company's sectors such as training, call centers, universities and schools.
