Alkhorayef Water and Power Technologies Co. (AWPT) reported a net profit after Zakat and tax of SAR 79.8 million for the first nine months of 2022, a 12% hike from SAR 71 million in the year-earlier period.
This profit rise was driven by a 36% year-on-year (YoY) rise in revenue during the nine-month period to SAR 551.5 million on higher revenue from water, integrated water solutions sector and wastewater segments.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Revenues | 405.83 | 551.46 | 35.9 % |
| Gross Income | 111.98 | 133.62 | 19.3 % |
| Operating Income | 79.43 | 97.57 | 22.8 % |
| Net Income | 70.98 | 79.76 | 12.4 % |
| Average Shares | 35.00 | 35.00 | - |
| EPS (Riyals) | 2.03 | 2.28 | 12.4 % |
Q3 net profit after Zakat and tax jumped 26% YoY to SAR 28.1 million, from SAR 22.34 million in the prior-year period, on a YoY increase in revenue to SAR 193.5 million.
On a sequential basis, net profit grew 7% from SAR 26.33 million
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 137.93 | 193.50 | 40.3 % |
| Gross Income | 35.33 | 44.34 | 25.5 % |
| Operating Income | 25.30 | 32.94 | 30.2 % |
| Net Income | 22.34 | 28.13 | 25.9 % |
| Average Shares | 35.00 | 35.00 | - |
| EPS (Riyals) | 0.64 | 0.80 | 25.9 % |
| Item | Q2 2022 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 184.43 | 193.50 | 4.9 % |
| Gross Income | 45.72 | 44.34 | (3.0 %) |
| Operating Income | 34.60 | 32.94 | (4.8 %) |
| Net Income | 26.33 | 28.13 | 6.8 % |
| Average Shares | 35.00 | 35.00 | - |
| EPS (Riyals) | 0.75 | 0.80 | 6.8 % |
Total shareholders’ equity, after minority rights, reached SAR 398.767 million as of Sept. 30, 2022, compared to SAR 327.515 million in prior-year period.
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