Financial Results : Arabian Cement profit up 15% to SAR 160.1M in 2024; Q4 at SAR 31.3M

Arabian Cement profit up 15% to SAR 160.1M in 2024; Q4 at SAR 31.3M

19/02/2025 Argaam Exclusive

View other reports

Arabian Cement Co. reported a net profit of SAR 160.1 million in 2024, an increase of 15% from SAR 139.6 million in the year-earlier period.



Financials (M)

Item 2023 2024 Change‬
Revenues 875.76 857.90 (2.0 %)
Gross Income 207.07 240.50 16.1 %
Operating Income 153.00 174.00 13.7 %
Net Income 139.63 160.10 14.7 %
Average Shares 100.00 100.00 -
Earnings Per Share before unusual items (Riyals) 1.22 1.60 31.1 %
EPS (Riyals) 1.40 1.60 14.7 %

This growth was buoyed by a rise in the parent company’s average selling prices, a decline in the cost of goods sold, reduced selling and distribution expenses, an increase in the company's share of profits from associate companies, and lower finance costs.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 225.17 230.17 2.2 %
Gross Income 40.66 54.63 34.3 %
Operating Income 41.01 37.79 (7.8 %)
Net Income 32.78 31.27 (4.6 %)
Average Shares 100.00 100.00 -
Earnings Per Share before unusual items (Riyals) 0.15 0.31 105.3 %
EPS (Riyals) 0.33 0.31 (4.6 %)

The fourth-quarter net earnings declined 4.6% to SAR 31.27 million, compared to SAR 32.78 million in Q4 2023.

 

On a quarterly basis, net earnings fell 31.7% from SAR 45.79 million in Q3 2024.

 

Total shareholders’ equity, after minority interest, reached SAR 2.56 billion by the end of 2024, down from SAR 2.57 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.