Financial Results : Qassim Cement 2024 net profit soars to SAR 301.4M; Q4 at SAR 81.8M

Qassim Cement 2024 net profit soars to SAR 301.4M; Q4 at SAR 81.8M

19/03/2025 Argaam Exclusive

View other reports

Qassim Cement Co. (QACCO) reported a net profit of SAR 301.4 million in 2024, compared to SAR 142 million in 2023.



Financials (M)

Item 2023 2024 Change‬
Revenues 583.56 967.58 65.8 %
Gross Income 152.39 333.36 118.7 %
Operating Income 122.00 292.29 139.6 %
Net Income 141.97 301.35 112.3 %
Average Shares 90.00 101.12 12.4 %
Earnings Per Share before unusual items (Riyals) 1.58 2.67 69.5 %
EPS (Riyals) 1.58 2.98 88.9 %

The cement producer reported higher sales volume and value, and an increase in other income. In addition, QACCO combined Hail Cement Co.’s business from the date of acquisition (June 10, 2024).

 

Meanwhile, cost of sales led up, along with a rise in operating expenses from the acquisition.

 



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 151.46 302.98 100.0 %
Gross Income 45.13 94.30 109.0 %
Operating Income 34.58 74.07 114.2 %
Net Income 40.89 81.80 100.1 %
Average Shares 90.00 101.12 12.4 %
Earnings Per Share before unusual items (Riyals) 0.45 0.81 78.1 %
EPS (Riyals) 0.45 0.81 78.1 %

Q4 2024 net profit surged to SAR 81.8 million, from SAR 40.89 million in the prior-year period.

 

On a quarterly basis, net earnings grew 12.9% from SAR 72.43 million in Q3 2024.

 

Total shareholders’ equity, excluding minority interest, stood at SAR 2.76 billion by Dec. 31, 2024, compared to SAR 1.57 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.