21 Hrs
معلومات مباشر
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معلومات مباشر

2026-11-03T13:28:28.785Z

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Alkhorayef Q3 profit down

Alkhorayef Q3 profit down

Alkhorayef Water and Power Technologies Co.’s net profit fell 6.25% in the third quarter of 2026 to SAR 65.23 million, compared with SAR 69.59 million a year earlier. The decline was due to lower revenue following the completion and handover of projects and the transition to new contracts. Quarter on quarter, profit rose 2.49% from the second quarter, driven by an improvement in operating profit. For the first nine months of the year, net profit increased 2.09% to SAR 193.36 million, despite a 17.01% decline in sales to SAR 1.56 billion. Operating profit rose 4.64% to SAR 234.27 million.

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