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Power and Water Utility Company for Jubail and Yanbu announces its Annual Financial Results for the Period Ending on 31 December 2023
2083
MARAFIQ
-1.26
%
1445/08/26 07/03/2024 07:55:18
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 6,389.33 | 6,505.09 | -1.78 | ||
| Gross Profit (Loss) | 1,124.89 | 1,148.2 | -2.03 | ||
| Operational Profit (Loss) | 1,006.1 | 1,094.23 | -8.05 | ||
| Net profit (Loss) | 525.79 | 845.65 | -37.82 | ||
| Total Comprehensive Income | 508.02 | 1,083.34 | -53.11 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 8,202.87 | 8,244.86 | -0.51 | ||
| Profit (Loss) per Share | 2.1 | 3.38 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| 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 year compared to the last year | The decrease in revenues by 1.78% is mainly due to a decrease in power sector revenues as a result of a decrease in demand for power from some major customers in Yanbu Industrial City, despite the increase in revenues from water sector and sales gas sector. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decrease in net profit is mainly due to an increase in financing costs by 74% results from SIBOR rate increase as well as decrease in the company revenues by 1.78%. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | Attached is annual earnings release for year 2023. |
| 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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