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.
| 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 | 25.00 | 25.00 | - |
| EPS (Riyals) | 3.67 | 4.56 | 24.2 % |
The company’s fourth-quarter net profit after Zakat and tax increased 49% YoY to SAR 31.6 million.
| 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 | 25.00 | 25.00 | - |
| EPS (Riyals) | 1.02 | 1.26 | 23.7 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 129.50 | 140.57 | 8.5 % |
| Gross Income | 32.82 | 37.84 | 15.3 % |
| Operating Income | 25.46 | 32.02 | 25.8 % |
| Net Income | 24.70 | 31.59 | 27.9 % |
| Average Shares | 25.00 | 25.00 | - |
| EPS (Riyals) | 0.99 | 1.26 | 27.9 % |
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