Saudi ACWA Power Q2 net profit up 27% on lower impairments, higher other income
Saudi Arabian utility developer ACWA Power posted a net profit of SAR 389.9 million ($104 million) after zakat and tax for Q2 2022, a 27% higher than in the year-ago period. The growth was mostly driven by higher share of net results of equity accounted investees, lower impairments and higher other income, the Tadawul-listed company […]
Astra Industrial’s net profits for H1-22 soar 202%
Astra Industrial Group logged net profit after Zakat and tax worth SAR 317.78 million during the first half (H1) of 2022, a yearly surge of 202.06% when compared to SAR 105.20 million. Earnings per share (EPS) stood at SAR 3.97 during the six-month period ended 30 June 2022, compared to SAR 1.32 in the […]
GASCO posts lower profits at $28mln in H1-22
National Gas and Industrialization Company (GASCO) has registered net profits after Zakat and tax of SAR 104.70 million during the first half (H1) of 2022, down 13.97% from SAR 121.70 million in H1-21. The revenues increased by 1.04% year-on-year (YoY) to SAR 989.10 million in the January-June 2022 period, compared to SAR 978.90 million, […]