TCC Profits Surge 430% to SAR 79.5 Million by End-2024

Tabuk Cement Co. (TCC) announced on Wednesday that its net profit jumped 430% to SAR 79.5 million by the end of 2024, compared to SAR 15 million in 2023. This came after the announcement today of the preliminary financial results for the duration ending December 31, 2024.

The operational profit increased by 169% to SAR 91 million by the end of 2024, compared to SAR 34 million in 2023.

The shareholders’ equity (excluding non-controlling interests) decreased by 7% to SAR 1.2 billion in the current year, compared to SAR 1.3 billion in 2023.

The profits per share for the current year amounted to SAR 0.88, compared to SAR 0.17 in 2023.