Northern Region Cement Co. reported a net profit of SAR 81 million in the first nine months of 2024, compared to SAR 64.2 million in the year-ago period.
Item | 9m 2023 | 9m 2024 | Change |
---|---|---|---|
Revenues | 514.23 | 449.88 | (12.5 %) |
Gross Income | 139.62 | 147.46 | 5.6 % |
Operating Income | 88.86 | 88.06 | (0.9 %) |
Net Income | 64.19 | 81.00 | 26.2 % |
Average Shares | 180.00 | 180.00 | - |
EPS (Riyals) | 0.36 | 0.45 | 26.2 % |
The positive performance was driven by the profit generated from the sale of the company’s stake in a plant in Iraq, despite lower sales revenue on a decline in demand.
Item | Q3 2023 | Q3 2024 | Change |
---|---|---|---|
Revenues | 175.20 | 163.23 | (6.8 %) |
Gross Income | 55.53 | 55.65 | 0.2 % |
Operating Income | 35.96 | 34.90 | (2.9 %) |
Net Income | 23.26 | 17.61 | (24.3 %) |
Average Shares | 180.00 | 180.00 | - |
EPS (Riyals) | 0.13 | 0.10 | (24.3 %) |
Item | Q2 2024 | Q3 2024 | Change |
---|---|---|---|
Revenues | 147.52 | 163.23 | 10.7 % |
Gross Income | 47.19 | 55.65 | 17.9 % |
Operating Income | 27.60 | 34.90 | 26.4 % |
Net Income | 11.77 | 17.61 | 49.6 % |
Average Shares | 180.00 | 180.00 | - |
EPS (Riyals) | 0.07 | 0.10 | 49.6 % |
In Q3 2024, the net profit saw a 24.3% fall to SAR 17.6 million from SAR 23.26 million the year before.
Sequentially, the cement producer’s net profit rose 49.6% from SAR 11.77 million.
Shareholders’ equity, after minority interest, amounted to SAR 2.27 billion as of Sept. 30, 2024, up from SAR 2.24 billion in the year-earlier period.
Company | Estimated | Actual | Change |
---|---|---|---|
FAKEEH CARE | 80.43 | 93.59 | 16.4 % |
ACWA POWER | 454.77 | 328.10 | (27.9 %) |
EQUIPMENT HOUSE | 19.00 | 12.80 | (32.6 %) |
AWPT | 64.13 | 40.19 | (37.3 %) |
AVALON PHARMA | 14.81 | 3.87 | (73.9 %) |
SACO | (4.20) | (8.98) | (113.8 %) |
Company | Estimated | Actual | Change |
---|---|---|---|
SPCC | 43.67 | 53.00 | 21.4 % |
FAKEEH CARE | 80.43 | 93.59 | 16.4 % |
SSP | 48.70 | 50.00 | 2.7 % |
Company | Estimated | Actual | Change |
---|---|---|---|
SACO | (4.20) | (8.98) | (113.8 %) |
AVALON PHARMA | 14.81 | 3.87 | (73.9 %) |
AWPT | 64.13 | 40.19 | (37.3 %) |
EQUIPMENT HOUSE | 19.00 | 12.80 | (32.6 %) |
ACWA POWER | 454.77 | 328.10 | (27.9 %) |
BINDAWOOD | 43.37 | 35.00 | (19.3 %) |
BUDGET SAUDI | 84.87 | 71.70 | (15.5 %) |
NORTHERN CEMENT | 19.00 | 17.61 | (7.3 %) |
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