Saudi Lime Industries’ H1 Profit Surges by 83% to SAR 8.5 Million

Saudi Lime Industries Company reported an 83% jump in net profit to SAR 8.5 million for the first half of 2024, up from SAR 4.7 million in the same period last year. The growth comes after the company announced its estimated financial results for the six months ending June 30, 2024.

Total equity, excluding non-controlling interests, increased by 5% to SAR 284 million, compared to SAR 271 million in the corresponding period of 2023. Earnings per share rose to SAR 0.39, up from SAR 0.23 in the same period last year.

The company attributed the rise in revenue to increased sales volumes and higher selling prices for its final products.