Alkhorayef Water and Power Technologies Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 133,018 | 132,738 | 0.21 | 140,568 | -5.371 |
| Gross Profit (Loss) | 38,160 | 39,584 | -3.597 | 37,835 | 0.858 |
| Operational Profit (Loss) | 29,732 | 32,320 | -8.007 | 32,016 | -7.133 |
| Net Profit (Loss) after Zakat and Tax | 26,939 | 31,492 | -14.457 | 31,590 | -14.723 |
| Total Comprehensive Income | 26,939 | 31,492 | -14.457 | 31,590 | -14.723 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 320,970 | 280,893 | 14.267 |
| Profit (Loss) per Share | 1.08 | 1.26 | |
| All figures are in (Thousands) 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 reason behind the decrease in net profit during the current quarter compared to the same quarter of the previous year is mainly to the following:
• Charging of Zakat fees for the current quarter for the first time with an amount of 3.07 million riyal as previously zakat declaration was issued on consolidated basis at the parent company level, where the parent company pledged to Capital Market Authority (CMA) that any charges related to zakat will be borne by the parent company, and accordingly no zakat related fees were charged for the previous periods. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | The reason behind the decrease in net profit during this quarter compared to the previous quarter is mainly to the following:
• Charging of Zakat fees for the current quarter for the first time with an amount of 3.07 million riyal as previously zakat declaration was issued on consolidated basis at the parent company level, where the parent company pledged to Capital Market Authority (CMA) that any charges related to zakat will be borne by the parent company, and accordingly no zakat related fees were charged for the previous periods. • Decrease in revenues compared to the previous quarter by 5.37% due to the sequence of the works required in project services that result in different works being performed between the two quarters which lead to a variance in revenues generated |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Some of the comparison numbers have been reclassified to be consistent with the present way of presentation. |
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