Financial Results : Yanbu Cement profit rises 14% to SAR 58.3M in Q1 2024

Yanbu Cement profit rises 14% to SAR 58.3M in Q1 2024

12/05/2024 Argaam Exclusive

View other reports

Yanbu Cement Co. reported a net profit of SAR 58.3 million for the first quarter of 2024, a 14% jump from SAR 51 million a year ago.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 224.01 234.17 4.5 %
Gross Income 72.53 83.80 15.5 %
Operating Income 55.74 65.26 17.1 %
Net Income 51.01 58.31 14.3 %
Average Shares 157.50 157.50 -
EPS (Riyals) 0.32 0.37 14.3 %

The year-on-year (YoY) profit increase was driven by higher sales volume and value, as well as an increase in other revenues, despite increases in administrative and general expenses, financing costs, and Zakat expenses.

 

Sequentially, Yanbu Cement’s profit skyrocketed by 222.3% from SAR 18.09 million in Q4 2023.

 

Total shareholders' equity, no minority interest, reached SAR 2.71 billion by the end of Q1 2024, compared to SAR 2.81 billion in the prior-year period.

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.