Saudi Cement Co. — Earnings Release 2024

Mar 6, 2025

Saudi Cement Company announces its annual financial results for the year ended 31-12-2024

3030 · 06/03/2025 08:00:08 · Announcement #85618 · View on Saudi Exchange

Saudi Cement Company announces its annual financial results for the year ended 31-12-2024

Element List	Current Year	Previous Year	%Change
Sales/Revenue	1,675.8	1,461.8	14.64
Gross Profit (Loss)	667.4	572.9	16.5
Operational Profit (Loss)	463	417.3	10.95
Net profit (Loss)	421.9	381	10.73
Total Comprehensive Income	425.5	363.6	17.02
Total Shareholders Equity (after Deducting Minority Equity)	2,240.5	2,159.3	3.76
Profit (Loss) per Share	2.76	2.49
All figures are in (Millions) 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 (Millions) 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 reason of the increase in sales revenues during the current year compared with last year is due to the increase in total value and quantities sold
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the increase of current year net profit compared with last year is attributed to the increase in sales revenue, increase in share of profit of investment in an associate and decrease in finance cost, in spite of the increase in selling and distribution expenses, decrease in gain on sale of investment related to the subsidiary and decrease in other income.
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)	None
Reclassification of Comparison Items	Certain comparative figures for the previous year have been reclassified to comply with the current period presentation
Additional Information	None

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