Najran Cement Co. reported a net profit of SAR 68.4 million for 2024, an increase of 24% from SAR 55.2 million in 2023.
Item | 2023 | 2024 | Change |
---|---|---|---|
Revenues | 485.65 | 534.51 | 10.1 % |
Gross Income | 128.16 | 145.23 | 13.3 % |
Operating Income | 83.46 | 97.95 | 17.4 % |
Net Income | 55.16 | 68.43 | 24.1 % |
Average Shares | 170.00 | 170.00 | - |
Earnings Per Share before unusual items (Riyals) | 0.32 | 0.40 | 24.1 % |
EPS (Riyals) | 0.32 | 0.40 | 24.1 % |
The cement producer cited higher sales during 2024 compared to the year before on improved average selling prices. It also reported higher gross margins, despite the increase in the general and administrative expenses and an increase in the cost of finance.
Item | Q4 2023 | Q4 2024 | Change |
---|---|---|---|
Revenues | 126.83 | 148.55 | 17.1 % |
Gross Income | 25.01 | 44.05 | 76.1 % |
Operating Income | 13.44 | 29.84 | 122.1 % |
Net Income | 4.80 | 21.45 | 346.8 % |
Average Shares | 170.00 | 170.00 | - |
Earnings Per Share before unusual items (Riyals) | 0.03 | 0.13 | 346.8 % |
EPS (Riyals) | 0.03 | 0.13 | 346.8 % |
Item | Q3 2024 | Q4 2024 | Change |
---|---|---|---|
Revenues | 134.57 | 148.55 | 10.4 % |
Gross Income | 36.89 | 44.05 | 19.4 % |
Operating Income | 25.21 | 29.84 | 18.4 % |
Net Income | 17.93 | 21.45 | 19.6 % |
Average Shares | 170.00 | 170.00 | - |
Earnings Per Share before unusual items (Riyals) | 0.11 | 0.13 | 19.6 % |
EPS (Riyals) | 0.11 | 0.13 | 19.6 % |
Q4 net profit skyrocketed to SAR 21.4 million from SAR 4.8 million in the year-earlier period.
Quarter-on-quarter, Q4 net earnings jumped 19.6% from SAR 17.93 million in Q3 2024.
Total shareholders’ equity, no minority interest, stood at SAR 2.04 billion by Dec. 31, 2024, compared to SAR 1.97 billion a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}