Alkhorayef Water posts 24% profit growth to SAR 114 mln for 2020

10/03/2021 Argaam Exclusive

Alkhorayef Water and Power Technologies Co. (AWPT) reported net profit after Zakat and tax of SAR 114 million in 2020, a jump of 24% from SAR 91.7 million in 2019.

 

This profit rise was driven by a 23.1% increase year-on-year (YoY) in revenue, boosted by business divisions of water, wastewater and integrated water solutions.

 

The company also cited a 24% jump YoY in operating profit to SAR 116.8 million, on higher revenue from the new projects.

 



Financials (M)

Item 2019 2020 Change‬
Revenues 423.23 520.83 23.1 %
Gross Income 119.15 143.25 20.2 %
Operating Income 94.17 116.81 24.0 %
Net Income 91.73 113.95 24.2 %
Average Shares 35.00 35.00 -
EPS (Riyals) 2.62 3.26 24.2 %

The company’s fourth-quarter net profit after Zakat and tax increased 49% YoY to SAR 31.6 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 125.77 140.57 11.8 %
Gross Income 33.43 37.84 13.2 %
Operating Income 25.92 32.02 23.5 %
Net Income 25.54 31.59 23.7 %
Average Shares 35.00 35.00 -
EPS (Riyals) 0.73 0.90 23.7 %

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Share Price

Alkhorayef Water and Power Technologies Co.
145.80
(1.40) (0.95 %)

Alkhorayef Water and Power Technologies Co. (AWPT)

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Financial Ratios
Current
Market Cap (M Riyal) 5,103.00
Enterprise Value (EV) (M) 5,444.07
Shares Outstanding ((M)) 35.00
EPS ( Riyal) (TTM) 5.42
Book Value (BV) ( Riyal) 19.94
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 25.28
P/E (TTM) 26.88
Price/book 7.31
Return on Average Assets (%) (TTM) 9.7
Return on Average Equity (%) (TTM) 31.5
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