Yamama Cement Q3 Profit Jumps 140% to SAR 97.9 Million

Yamama Cement Co. announced on Tuesday that net profit surged 140.1% to 97.9 million riyals during the third quarter of 2024, compared to 40.7 million riyals in the same quarter last year. This came after announcing today the estimated financial results for the period ending Sep. 30, 2024 (9 months).

The operating profit increased 400% to 104 million riyals in the third quarter of 2024, compared to 20.8 million riyals in the same quarter of the previous year.

The earnings per share amounted to 1.47 riyals in the third quarter of 2024, compared to 1.24 riyals in the same quarter last year.

According to the Company, the main reason for the increase in sales for the current quarter compared to the same quarter last year is due to the increase in the value of sales for the current quarter compared to the same one last year.

The main reason for the increase in net profit for the current quarter compared to the same quarter last year is the increase in sales value for the current quarter compared to the same one last year.