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Power and Water Utility Company for Jubail and Yanbu announces its Interim Financial results for the Period Ending on 2024-03-31 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,599.22 | 1,473.17 | 8.556 | 1,623.32 | -1.484 |
| Gross Profit (Loss) | 199.34 | 255.82 | -22.078 | 238.25 | -16.331 |
| Operational Profit (Loss) | 163.54 | 233.66 | -30.009 | 186.82 | -12.461 |
| Net profit (Loss) | 42.79 | 106.72 | -59.904 | 71.64 | -40.27 |
| Total Comprehensive Income | 49.76 | 81.17 | -38.696 | 37.01 | 34.45 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 7,977.64 | 8,051.03 | -0.911 |
| Profit (Loss) per Share | 0.17 | 0.43 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Percentage of the capital (%) | Amount | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The increase in revenues by 8.6% is mainly due to increase in revenues from all of the Company's main sectors as a result of improved demand for utilities from all customers. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The decrease in net profit is mainly due to: • Increased fuel cost used in production processes by 43% • Increased cost of water, power and gas purchased for resale purposes by 10% The decrease has been limited by: • Increased revenues by 8.6% • Decreased zakat and income tax provision by 35% |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in revenues by 1.5% is mainly due to decrease in revenues from water sector due to lower customer demand. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit is mainly due to: • Increased fuel cost used in production processes by 33% • Increased financing costs by 8% The decrease has been limited by: • Increased finance income by 64% |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | - |
| Attached Documents |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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