Al-Khareef's profits rise to 230 million riyals in 2024.

+2.04%

AWPT

2081.SA

160.00

+2.04%

Riyadh - Mubasher: Al Khorayef Water and Power Technologies Company's (AKWPT) financial results for 2024 revealed a 64.26% increase in net profits compared to 2023, driven by higher revenues.

According to the company's data on the Saudi Stock Exchange (Tadawul) on Sunday, net profit rose to SAR 230 million last year, compared to SAR 140.02 million the previous year.

The company attributed the increase in net profits to a 16.21% increase in revenues to SAR 1.95 billion, despite a rise in diesel prices at the beginning of the year.

She noted that the increase in revenues was primarily due to a 170.93% increase in sewage sector revenues, driven by new projects.

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