Power and Water Utility Company for Jubail and Yanbu announces its Interim Financial results for the Period Ending on 2024-03-31 (Three Months)

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The increase in revenues by 8.6% is mainly due to increase in revenues from all of the Company's main sectors as a result of improved demand for utilities from all customers.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The decrease in net profit is mainly due to: • Increased fuel cost used in production processes by 43% • Increased cost of water, power and gas purchased for resale purposes by 10% The decrease has been limited by: • Increased revenues by 8.6% • Decreased zakat and income tax provision by 35%
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The decrease in revenues by 1.5% is mainly due to decrease in revenues from water sector due to lower customer demand.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The decrease in net profit is mainly due to: • Increased fuel cost used in production processes by 33% • Increased financing costs by 8% The decrease has been limited by: • Increased finance income by 64%
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	N/A
Reclassification of Comparison Items	N/A
Additional Information	-
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