Alkhorayef Water and Power Technologies Co. of Saudi Arabia has posted a 9.3 percent decrease in profit to $27.4 million in its 2021, according to a bourse filing.
Despite an increase in revenues by 9.2 percent to SR569 million during the same period, profits declined due to cost of revenue and “increase in projects on-hand.”
Although profits dropped, the firm’s board of directors approved SR1.5 per share as a dividend for the second half of 2021.
The most important news stories of the day, curated by Post editors and delivered every morning.
By signing up you agree to our Terms of Use and Privacy Policy.
Business and leisure combo drives GCC tourism boom
Saudi Film “Norah”, backed by Red Sea Fund, secures official selection at Cannes
From sand dunes to boardrooms: Strategies for success in challenging times
Audi’s sustainable Middle East luxury drive
Top U.S. stock indices drop for third consecutive day on Wednesday
Despite sanctions, Iran oil exports hit six-year high: report
GCC countries mobilize to build resilient industrial supply chains: report
