Northern Region Cement Co. reported a net profit of SAR 81.5 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 | 81.52 | 27.0 % |
Average Shares | 180.00 | 180.00 | - |
EPS (Riyals) | 0.36 | 0.45 | 27.0 % |
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 | (3.0 %) |
Net Income | 23.26 | 18.13 | (22.1 %) |
Average Shares | 180.00 | 180.00 | - |
EPS (Riyals) | 0.13 | 0.10 | (22.1 %) |
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 | 18.13 | 54.1 % |
Average Shares | 180.00 | 180.00 | - |
EPS (Riyals) | 0.07 | 0.10 | 54.1 % |
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