Riyadh – Mubasher: ACWA Power Company recorded 15.97% higher net profits at SAR 1.25 billion in the first nine months (9M) of 2024, compared to SAR 1.08 billion in 9M-23.
The revenues climbed by 6.44% year-on-year (YoY) to SAR 4.56 billion as of 30 September 2024 from SAR 4.28 billion, according to the interim financial statements.
Earnings per share (EPS) hiked to SAR 1.71 in 9M-24 SAR 1.48 in the year-ago period.
Financials for Q3-24
In the third quarter (Q3) of 2024, ACWA Power logged net profits valued at SAR 328.09 million, lower by 17.55% than SAR 397.94 million in Q3-23.
Revenues hit SAR 1.74 billion, marking an annual growth of 13.31% from SAR 1.45 billion.
Quarterly, the net profits in Q3-24 dropped by 47.97% from SAR 630.62 million in Q2-24, while the revenues climbed by 11.83% from SAR 1.56 billion.
