13 Hrs
Source:
الاقتصادية
Saudi Aqua profits fall 28% in H1
Aqua Saudi Company’s profits declined by 28% in the first half of this year, reaching 653 million riyals compared to 909 million riyals in the same period of the previous year. Operating income decreased to 1.44 billion riyals from 2.21 billion riyals, due to the timing of project completion and financial closures, despite the continued strong performance of the asset portfolio. During the first half, the company added a power generation capacity of 5.2 gigawatts and water desalination capacity of 0.6 million cubic meters per day, raising the managed assets to 475 billion riyals. Operational performance remains resilient, with expectations of further growth in the second half of the year.
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