Alkhorayef Water’s 2022 net profit rises 4% to SAR 107.4 mln; Q4 at SAR 27.7 mln

21/03/2023 Argaam Exclusive

View other reports

Share Price

Alkhorayef Water and Power Technologies Co.
168.40
4.60 2.81 %

Alkhorayef Water and Power Technologies Co. (AWPT)

More

Alkhorayef Water and Power Technologies Co. (AWPT) reported a net profit of SAR 107.4 million in 2022, up 4% from SAR 103 million in 2021.



Financials (M)

Item 2021 2022 Change‬
Revenues 569.04 822.03 44.5 %
Gross Income 151.46 187.12 23.5 %
Operating Income 112.59 133.74 18.8 %
Net Income 103.33 107.44 4.0 %
Average Shares 35.00 35.00 -
EPS (Riyals) 2.95 3.07 4.0 %

Revenue rose 44.46% year-on-year (YoY) to SAR 822 million due to higher earnings in integrated water solutions segment, water segment, and, wastewater segment due to revenues generated from new projects.

 

This was offset by an increase in Murabaha financing contracts cost from SAR 3.8 million to SAR 19.2 million, due to a rise in interest rates and financing for new projects. In addition, provision for expected credit loss went up 120% YoY.



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 163.20 270.58 65.8 %
Gross Income 39.48 53.49 35.5 %
Operating Income 33.16 36.17 9.1 %
Net Income 32.34 27.68 (14.4 %)
Average Shares 35.00 35.00 -
EPS (Riyals) 0.92 0.79 (14.4 %)

In Q4 2022, net profit fell 15% YoY to SAR 27.7 million.

 

Sequentially, net profit slipped 1.6% from SAR 28.13 million in Q3 2022.

 

Total shareholders’ equity, excluding minority interest, amounted to SAR 397.6 million as of Dec. 31, 2022, from SAR 356.5 million in 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.