IssuerAnnouncementDetailsV2Portlet

Actions

Power and Water Utility Company for Jubail and Yanbu announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

2083
MARAFIQ
1.85 %
1446/01/26     01/08/2024 08:24:57

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 1,720.091,591.88.0591,599.227.558
Gross Profit (Loss) 237.73305.2-22.106199.3419.258
Operational Profit (Loss) 191.65284.97-32.747163.5417.188
Net profit (Loss) 65.34159.39-59.00642.7952.699
Total Comprehensive Income 72.32189.2-61.77549.7645.337
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 3,319.313,064.978.298
Gross Profit (Loss) 437.07561.01-22.092
Operational Profit (Loss) 355.19518.62-31.512
Net profit (Loss) 108.13266.11-59.366
Total Comprehensive Income 122.08270.37-54.847
Total Shareholders Equity (after Deducting Minority Equity) 8,049.958,240.23-2.309
Profit (Loss) per Share 0.431.06
All figures are in (Millions) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Millions) Saudi Arabia, Riyals


Element ListExplanation
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 8.06% is due to the increase in the quantities sold for all the main sectors of the company.
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 by (59.01)% is mainly due to:

• Increased fuel costs used in production processes by 50.44%.

• Increased operation and maintenance costs by 36.92%.

The decrease has been offset by:

• Increased revenues by 8.06% due to an increased demand from all the main sectors of the company.

• Decreased finance cost by (6.22)%.

• Decreased zakat and income tax provision by (6.34)%.

The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The increase in revenues by 7.56% is mainly due to increase in sales quantities for water and power sectors.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The increase in net profit by 52.70% is mainly due to:

• Increased revenues by 7.56% mainly due to an increase in sales quantities for water and power sectors.

• Increased other operating income by 9.43%.

The increase has been offset by:

• Increased zakat and income tax provision by 23.55%.

The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The increase in revenues by 8.30% is due to the increase in the quantities sold for all the main sectors of the company as a result of improved demand.
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 by (59.37)% is mainly due to:

• Increased fuel costs used in production processes by 46.62%.

• Decreased finance income by (33.73)%.

• Decreased other operating income by (15.37)%.

The decrease has been offset by:

• Decreased finance cost by (4.63)%.

• Decreased zakat & and income tax provision by (21.78)%.

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.

Company Performance

MARAFIQ
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 49.65
Net Change 0.9 (+1.85%)
Value Traded (Sar) 37,777,651.55
Volume Traded 765,075
See The Company Profile

LoginPortletPopupv2

Actions

AddtoWatchlistv2

Actions
NO PORTLET SESSION YET