13 Hrs
Source:
مباشر
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AlKhorayef Q3 profit dips
AlKhorayef Water and Power Technologies Company’s net profit fell 6.25% in the third quarter of 2026 to SAR 65.23 million, compared with SAR 69.59 million in the same period last year. The decline was due to lower revenues following the completion and handover of projects and the transition to new contracts. Quarter on quarter, net profit rose 2.49%, while operating profit increased 1.60%. In the first nine months of the year, net profit rose 2.09% to SAR 193.36 million, despite a 17.01% drop in sales to SAR 1.56 billion. Operating profit increased 4.64% to SAR 234.27 million.
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