Al Yamamah Steel Posts 2024 Profits of SAR 70.8 Million

Al Yamamah Steel Industries Co. announced on Thursday that it recorded a net profit during the year ending in Sep. 2024, amounting to 70.8 million riyals, compared to a loss of 130.1 million riyals last year. This came after the announcement today of the preliminary financial results for the duration ending on Sep. 30, 2024 (nine months).

The operational profit amounted to 138.6 million riyals in the current year, compared to a loss of 95.4 million riyals last year.

The total equity (after excluding non-controlling interests) increased by 13.6% to 589 million riyals in the current year, compared to 518.1 million riyals last year.

The profits per share in the current year reached 1.39 riyals, compared to a loss of 2.56 riyals last year.