ACWA Power’s profits decline to 328 million riyals in Q3, by 17.5%

ACWA Power’s net profit declined during the third quarter to 328 million riyals compared to 397.9 million riyals in the same quarter last year by 17.5%, following the announcement today of the preliminary financial results for the period ending September 30, 2024 (nine months).

The operating profit amounted to 976.2 million riyals in the third quarter compared to 814.2 million riyals in the same quarter of the previous year, an increase of 19.9%.

The company’s net profit during the 9-month period amounted to 1.2 billion riyals compared to 1.08 billion riyals in the same period last year, an increase of 15.9%.

The earnings per share in the current period reached 1.71 riyals compared to 1.48 riyals in the same period last year.