MARAFIQ 9M 2024 profit drops 35% to SAR 294.1M; Q3 at SAR 186M

30/10/2024 Argaam Exclusive
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The Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) reported a net profit of SAR 294.1 million for the first nine months of 2024, a decline of 35% from SAR 454.2 million in a year earlier period.  



Financials (M)

Item 9m 2023 9m 2024 Change‬

This was attributed to a 46% leap year-on-year (YoY) in fuel costs used in production processes to SAR 452 million, as well as a decrease in finance income by 36%.

 

However, revenue increased due to higher quantities sold for all the main segments of the company. Finance costs also declined by 6%.

 

Q3 2024 net earnings dropped 1.1% to SAR 186 million from SAR 188.05 million in Q3 2023, mainly due to a 45% increase in fuel costs used in production processes to SAR 162 million.

 

On a quarterly basis, net profit soared 184.6% from SAR 65.34 million in Q2 2024.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬

Total shareholders’ equity, no minority interest, stood at SAR 8.10 billion as of Sept. 30, compared to SAR 8.16 billion in a prior-year period.

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Share Price

The Power and Water Utility Company for Jubail and Yanbu
43.45
(0.15) (0.34 %)

The Power and Water Utility Company for Jubail and Yanbu (MARAFIQ)

1 Day (0.34 %) 5 Days 0.23 % 3 Months (15.96 %) 6 Months (27.70 %) Year (41.91 %) 2 Years (12.22 %) 5 Years (8.72 %) All (8.72 %)
Created with Highstock 6.0.710:1510:3010:4511:0011:1511:3011:4512:0012:3012:4513:1513:3013:4514:0014:1514:3014:4515:1542.94343.143.243.343.443.543.643.7
Close : 43.45 | Mar 25, 15:19
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Financial Ratios
Current
Market Cap (M Riyal) 10,862.50
Enterprise Value (EV) (M) 15,517.33
Shares Outstanding ((M)) 250.00
EPS ( Riyal) (TTM) 0.07
Book Value (BV) ( Riyal) 20.90
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 23.44
P/E (TTM) More than 100
Price/book 2.08
Return on Average Assets (%) (TTM) 0.1
Return on Average Equity (%) (TTM) 0.1
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