Riyadh Cement Co. — Earnings Release 2024

Mar 19, 2025

Riyadh Cement Co. announces its Annual Financial results for the period ending on 2024-12-31

3092 · 19/03/2025 08:01:56 · Announcement #85865 · View on Saudi Exchange

Riyadh Cement Co. announces its Annual Financial results for the period ending on 2024-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	789,396,360	643,383,248	22.69
Gross Profit (Loss)	328,766,862	236,899,163	38.78
Operational Profit (Loss)	296,786,469	201,063,809	47.61
Net profit (Loss)	310,439,020	188,772,499	64.45
Total Comprehensive Income	311,481,184	190,582,081	63.44
Total Shareholders Equity (after Deducting Minority Equity)	1,781,249,005	1,679,767,821	6.04
Profit (Loss) per Share	2.59	1.57
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The main reason for the increase in revenues in the current period compared to the previous year is due to increase in selling prices
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The increase in net profits is due to increase in the company's revenues, other income, and financing income, in addition to the refund of withholding tax from the Zakat and Customs Authority amounting to 25 million riyals, which was reversed against the Zakat expense.
Statement of the type of external auditor's report	Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	N/A
Reclassification of Comparison Items	N/A
Additional Information	-

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