Earnings Report /
Saudi Arabia

Saudi Electricity: Results in-line with expectation

  • Revenues stood at SAR19.40bn, up 4.4% yoy (+43.4% qoq) and were in-line with our estimates.

  • Gross profit stood at SAR6.55bn, up 1.3% yoy (+148% qoq) and was in-line with our estimate of SAR6.44bn.

  • Operating profit stood at SAR5.86bn in Q2 22, down 4.4% yoy (+165% qoq), slightly lower than our estimates of SAR6.19bn.

Talha Nazr
SNB Capital
22 August 2022
Published bySNB Capital


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