Yamama Cement’s 2024 Profit Rises 38% to SAR 421 Million

Yamama Cement Co. (YC) announced on Wednesday that its net profit increased to SAR 421 million by the end of 2024, compared to SAR 304 million in 2023 by 38%, following the announcement today of the annual financial results ending on Dec. 31, 2024.

Operational profit increased by 68% to SAR 444 million by the end of 2024, compared to SAR 264 million last year.

Total equity (after excluding non-controlling interests) increased by 2.3% to SAR 4.84 billion in the current duration, compared to SAR 4.73 billion in the corresponding duration of 2023.

Profits per share in the current year reached SAR 2.08, compared to SAR 1.5 in the corresponding duration of 2023.

The Company stated in a statement today on “Tadawul” that the main reason for the increase in sales during this year compared to the previous year is due to:

* Increase in the value of sales.