Arabian Cement registers 20.5% higher profits in 9M-24 - Mubasher Info

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Riyadh – Mubasher: Arabian Cement Company logged a 20.48% year-on-year (YoY) rise in net profit to SAR 128.80 million during the first nine months (9M) of 2024, compared to SAR 106.90 million.

Revenues hit SAR 627.70 million in the January-September 2024 period, lower by 5.13% YoY than SAR 650.60 million, according to the initial financial results.

The earnings per share (EPS) climbed to SAR 1.29 in 9M-24 from SAR 1.07 a year earlier.

Financials for Q3-24

In the third quarter (Q3) of 2024, the net profits witnessed a 54.20% leap to SAR 45.80 million, compared to SAR 29.70 million a year earlier.

The Saudi company registered a 5.24% growth in revenue to SAR 224.90 million during July-September 2024, versus SAR 213.70 million in Q3-23.

Quarterly, the Q3-24 net profits hiked by 58.47% from SAR 28.90 million in April-June 2024, while the revenues jumped by 28.36% from SAR 175.20 million.

Source: Mubasher Source: {{details.article.source}}