‎Naseej expects 0.7% higher cost of revenue on new electricity tariffs

‎Naseej expects 0.7% higher cost of revenue on new electricity tariffs ‎Naseej expects 0.7% higher cost of revenue on new electricity tariffs

​‎

Logo ofNaseej International Trading Co.

Naseej International Trading Co. expects the adjusted electricity consumption tariffs to result in an increase of about 0.7% in the company’s annual cost of revenue, while the revised water service tariff is not expected to have significant financial impact.

Advertisement

The financial impact of these revisions is expected to be reflected in the company’s financial results starting from the first quarter of 2027, it said in a Tadawul statement today, Nov. 12.

The company further confirmed that it is implementing several initiatives aimed at optimizing energy consumption and enhancing operational and production efficiency, aiming to mitigate the impact of rising costs on its financial results.

According to Argaam, Saudi Energy announced an adjustment to electricity service tariffs, effective Jan. 1, 2027. The National Water Company (NWC) also announced that revised tariffs for water and sewage services will take effect on the same date across the residential, non-residential, and government sectors.

 

‎

Logo ofNaseej International Trading Co.

Naseej International Trading Co. expects the adjusted electricity consumption tariffs to result in an increase of about 0.7% in the company’s annual cost of revenue, while the revised water service tariff is not expected to have significant financial impact.

The financial impact of these revisions is expected to be reflected in the company’s financial results starting from the first quarter of 2027, it said in a Tadawul statement today, Nov. 12.

The company further confirmed that it is implementing several initiatives aimed at optimizing energy consumption and enhancing operational and production efficiency, aiming to mitigate the impact of rising costs on its financial results.

According to Argaam, Saudi Energy announced an adjustment to electricity service tariffs, effective Jan. 1, 2027. The National Water Company (NWC) also announced that revised tariffs for water and sewage services will take effect on the same date across the residential, non-residential, and government sectors.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement