Eastern Province Cement Co. (EPCCO) posted a 26% increase in net profit, reaching SAR 248 million for the fiscal year ending December 31, 2024, compared to SAR 196 million in 2023, according to the company’s annual financial results.
Key Financial Highlights:
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Operating profit surged 32% to SAR 297 million, up from SAR 225 million in 2023.
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Shareholders’ equity (excluding non-controlling interests) declined 4% to SAR 2.29 billion, compared to SAR 2.38 billion in 2023.
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Earnings per share (EPS) increased to SAR 2.88, from SAR 2.28 in 2023.
