Financial Results : Alkhorayef Water net profit drops 6% to SAR 25.3 mln in Q1 2022

Alkhorayef Water net profit drops 6% to SAR 25.3 mln in Q1 2022

18/05/2022 Argaam Exclusive

View other reports

Alkhorayef Water and Power Technologies Co. (AWPT) reported a net profit after Zakat and tax of SAR 25.3 million for the first quarter of 2022, a 6% decline from SAR 26.9 million a year earlier. 



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 133.02 173.53 30.5 %
Gross Income 38.16 43.56 14.2 %
Operating Income 29.73 30.02 1.0 %
Net Income 26.94 25.31 (6.1 %)
Average Shares 35.00 35.00 -
EPS (Riyals) 0.77 0.72 (6.1 %)

The profit drop was attributed higher general and administrative expenses and increase in Zakat provision. The company also cited the increase in revenue by SAR 40.5 million which commensurate with the growth in the cost of revenue and increase in gross profit by SAR 5.4 million, due to rise in the number of projects. 

 

When compared to the previous quarter, net profit after Zakat and tax dropped 21.7% from SAR 32.34 million. 

Total shareholders’ equity, after minority interest, reached SAR 344.315 million in Q1 2022, a rise of 7.27% compared to SAR 320.970 million in Q1 2021. 

View more financial results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.