Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces its Interim Financial Results for the Period Ending on 30 June 2023 (Six Months)
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
3,064.97
3,117.54
-1.69
Gross Profit (Loss)
561.01
554.74
1.13
Operational Profit (Loss)
518.62
557.55
-6.98
Net Profit (Loss) after Zakat and Tax
266.11
404.77
-34.26
Total Comprehensive Income
270.37
547.66
-50.63
Total Share Holders Equity (after Deducting Minority Equity)
8,240.23
7,959.55
3.53
Profit (Loss) per Share
1.06
1.62
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Explanation
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 due to an increase in financing costs and a decrease in the company's operating revenues, despite a decrease in zakat and Tax provision.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is
The increase in net profit is due to an increase in the company's operating revenues and a decrease in the zakat and Tax provision, despite the increase in financing costs.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is
The decrease in net profit is due to an increase in financing costs and a decrease in the company's operating revenues, despite a decrease in zakat and Tax provision.
Statement of the type of external auditor's report
Unmodified conclusion
Reclassification of Comparison Items
Certain prior period figures have been re-classified to conform with the presentation in the current period.
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