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Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces its Interim Financial Results for the Period Ending on 30-09-2024 (Nine Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,856.81 | 1,701.05 | 9.156 | 1,720.09 | 7.948 |
| Gross Profit (Loss) | 304.08 | 325.63 | -6.617 | 237.73 | 27.909 |
| Operational Profit (Loss) | 311.65 | 300.66 | 3.655 | 191.65 | 62.614 |
| Net profit (Loss) | 185.98 | 188.05 | -1.1 | 65.34 | 184.634 |
| Total Comprehensive Income | 138.8 | 200.63 | -30.817 | 72.32 | 91.924 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 5,176.11 | 4,766.02 | 8.604 |
| Gross Profit (Loss) | 741.15 | 886.64 | -16.409 |
| Operational Profit (Loss) | 666.84 | 819.28 | -18.606 |
| Net profit (Loss) | 294.12 | 454.16 | -35.238 |
| Total Comprehensive Income | 260.88 | 471 | -44.611 |
| Total Shareholders Equity (after Deducting Minority Equity) | 8,101.25 | 8,165.86 | -0.791 |
| Profit (Loss) per Share | 1.18 | 1.82 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| 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 revenue 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 is mainly due to: • An increase in fuel costs used in production processes amounting to SAR 162 million by 45%. • A decrease in finance income by (41)%. The decrease has been offset by: • An increase in revenue due to the increase in the quantities sold for all the main sectors of the company. • A decrease in finance cost by (8)%. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in revenue is mainly due to the increase in the quantities sold for all main sectors of the company. |
| 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 is mainly due to: • An increase in revenue mainly due to an increase in sales quantities for all main sectors of the company. The increase has been offset by: • An Increase in fuel costs used in production processes amounting to SAR 46 million by 10%. |
| 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 revenue 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 period compared to the same period of the last year is | The decrease in net profit is mainly due to: • An increase in fuel costs used in production processes amounting to SAR 452 million by 46%. • A decrease in finance income by (36)%. The decrease has been offset by: • An increase in revenue due to the increase in the quantities sold for all the main sectors of the company. • A decrease in finance cost by (6)%. |
| 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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