NGC Reports SAR 14.7 Million Loss for 2024

National Gypsum Co. (NGC) reported on Monday a net loss of SAR 14.7 million at the end of 2024, compared to a profit of SAR 5.1 million the year before. This came after today’s announcement of the annual financial results ending December 31, 2024.

Operational loss reached SAR 5.6 million at the end of 2024, up 19.7% from SAR 4.7 million in the previous year.

Total equity (excluding non-controlling interests) in the current year declined by 4.7% to SAR 344.9 million, down from SAR 362.1 million in 2023.

Loss per share for the current year stood at SAR 0.46, compared to a profit of SAR 0.16 in the prior year.