Saudi Electricity Co. (SEC) reported a net profit, after deducting the payments of Mudaraba coupon, of SAR 5.6 billion in the first nine months of 2024, compared to SAR 4.6 billion in the year-earlier period.
Item | 9m 2023 | 9m 2024 | Change |
---|---|---|---|
Revenues | 56,895.83 | 66,553.34 | 17.0 % |
Gross Income | 15,558.21 | 16,065.31 | 3.3 % |
Operating Income | 15,001.70 | 14,926.86 | (0.5 %) |
Net Income before deducting Mudaraba Instrument profit | 10,340.51 | 12,139.85 | 17.4 % |
Net Income after deducting Mudaraba Instrument profit | 4,610.22 | 5,557.83 | 20.6 % |
Average Shares | 4,166.59 | 4,166.59 | - |
EPS before deducting Mudaraba Instrument profit (Riyals) | 2.48 | 2.91 | 17.4 % |
EPS after deducting Mudaraba Instrument profit (Riyals) | 1.11 | 1.33 | 20.6 % |
Item | Q3 2023 | Q3 2024 | Change |
---|---|---|---|
Revenues | 23,799.09 | 28,315.52 | 19.0 % |
Gross Income | 7,743.56 | 8,757.42 | 13.1 % |
Operating Income | 7,912.39 | 8,155.44 | 3.1 % |
Net Income before deducting Mudaraba Instrument profit | 5,843.84 | 6,898.06 | 18.0 % |
Net Income | 3,912.76 | 4,688.03 | 19.8 % |
Average Shares | 4,166.59 | 4,166.59 | - |
EPS before deducting Mudaraba Instrument profit (Riyals) | 1.40 | 1.66 | 18.0 % |
EPS (Riyals) | 0.94 | 1.13 | 19.8 % |
Item | Q2 2024 | Q3 2024 | Change |
---|---|---|---|
Revenues | 22,379.34 | 28,315.52 | 26.5 % |
Gross Income | 5,167.43 | 8,757.42 | 69.5 % |
Operating Income | 5,022.70 | 8,155.44 | 62.4 % |
Net Income before deducting Mudaraba Instrument profit | 4,344.61 | 6,898.06 | 58.8 % |
Net Income | 2,158.61 | 4,688.03 | 117.2 % |
Average Shares | 4,166.59 | 4,166.59 | - |
EPS before deducting Mudaraba Instrument profit (Riyals) | 1.04 | 1.66 | 58.8 % |
EPS (Riyals) | 0.52 | 1.13 | 117.2 % |
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