Mekorot concludes 2023 with an increase in revenue and water supply

• Published date: 23 March 2024
• Author: JERUSALEM POST STAFF
• Publication title: Jerusalem Post, The: Web Edition Articles (Israel)

Therefore, profit from continuing operations in 2023, following a change in the balance of deferred regulatory accounts, increased to NIS 190 million compared with a profit of NIS 186 million recorded in 2022. In the last quarter of 2023, against the background of the "Iron Swords" war, the company's net profit amounted to NIS 44 million, compared with a net profit of NIS 25 million in the fourth quarter of 2022

A segmentation of national consumption data reveals that during the reporting period, there was an increase of 1.1 percent in total water consumption in the agricultural sector, while water consumption for the household sector increased by 2.1 percent since the beginning of the year.

Water consumption and revenue analysis

Summarizing the data for the reporting period, total cumulative water consumption amounted to 1.78 billion cubic meters, compared with total consumption of 1.75 billion cubic meters in the corresponding period of 2022, a weighted increase of 1.7%. At the same time, during 2023, 205 million cubic meters were supplied to the PA and the Kingdom of Jordan, an increase of 12% compared to the amount of water provided to foreign customers during 2022.

An examination of the company's results shows that total revenue for 2023 amounted to NIS 5.25 billion, an increase of 5% compared to total revenue in 2022, when the company recorded revenues of NIS 4.98 billion. The increase is mainly...