Alkhorayef Water 9M 2023 profit up 38% to SAR 110.3 mln; Q3 at SAR 42 mln

06/11/2023 Argaam Exclusive

View other reports

Alkhorayef Water and Power Technologies Co. (AWPT) reported a net profit of SAR 110.3 million for the first nine months of 2023, a 38% hike from SAR 79.8 million in the year-earlier period.

Financials (M)

Item	9m 2022	9m 2023	Change‬
Revenues	551.46	1,206.87	118.9 %
Gross Income	133.62	189.94	42.1 %
Operating Income	97.57	155.33	59.2 %
Net Income	79.76	110.33	38.3 %
Average Shares	35.00	35.00	-
EPS (Riyals)	2.28	3.15	38.3 %

This profit rise was driven by revenues that soared by 118.9% year-on-year (YoY) to SAR 1.20 billion in the nine-month period. Operating profit also leapt 53.6% YoY to SAR 150.4 million.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2022	Q3 2023	Change‬
Revenues	193.50	468.77	142.3 %
Gross Income	44.34	71.35	60.9 %
Operating Income	32.94	56.83	72.5 %
Net Income	28.13	42.02	49.4 %
Average Shares	35.00	35.00	-
EPS (Riyals)	0.80	1.20	49.4 %

Item	Q2 2023	Q3 2023	Change‬
Revenues	416.49	468.77	12.6 %
Gross Income	61.82	71.35	15.4 %
Operating Income	49.46	56.83	14.9 %
Net Income	35.59	42.02	18.1 %
Average Shares	35.00	35.00	-
EPS (Riyals)	1.02	1.20	18.1 %

Q3 net profit jumped 49% YoY to SAR 42 million, from SAR 28.13 million in the prior-year period, on a YoY surge of 142.25% in revenue to SAR 468.8 million.

On a sequential basis, net profit grew 18.1% from SAR 35.59 million in Q2 2023.

Total shareholders’ equity, no minority rights, reached SAR 507.91 million as of Sept. 30, 2023, compared to SAR 398.76 million in the prior-year period.

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

×