Financial Results : Riyadh Cables profit up 57% to SAR 816.7M in 2024; Q4 at SAR 252.3M

Riyadh Cables profit up 57% to SAR 816.7M in 2024; Q4 at SAR 252.3M

10/03/2025 Argaam Exclusive

View other reports

Riyadh Cables Group Co. reported a net profit before minority interest of SAR 816.7 million in 2024, up 57% from SAR 518.8 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 7,825.38 9,007.36 15.1 %
Gross Income 972.76 1,286.52 32.3 %
Operating Income 668.92 977.25 46.1 %
Net Income 518.77 816.69 57.4 %
Average Shares 150.00 150.00 -
Earnings Per Share before unusual items (Riyals) 3.68 5.44 47.9 %
EPS (Riyal) 3.46 5.44 57.4 %

The annual profit hike was due to higher revenues, driven by elevated sales volumes, coupled with a diversified product mix.

 

The fourth-quarter net profit grew 88% to SAR 252.3 million, from SAR 134.15 million in Q4 2023.

 

The three-month earnings also rose 7.5% from SAR 234.7 million in the previous quarter.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 1,889.86 2,496.52 32.1 %
Gross Income 238.11 332.28 39.5 %
Operating Income 177.10 294.32 66.2 %
Net Income 134.15 252.34 88.1 %
Average Shares 150.00 150.00 -
Earnings Per Share before unusual items (Riyal) 0.97 1.68 74.0 %
EPS (Riyal) 0.89 1.68 88.1 %

Total shareholders’ equity, excluding minority interest, reached SAR 2.62 billion by the end of 2024, compared to SAR 2.24 billion a year earlier.

View more financial results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.