Alujain incurs losses of SAR 50.7 million by the end of 2024, a 40% decline

Alujain recorded losses of SAR 50.7 million by the end of 2024, compared to losses of SAR 82 million in 2023, a 40% decline. This came after today’s announcement of the preliminary financial results for the period ending December 31, 2024.

Operating profit reached SAR 109 million by the end of 2024, compared to SAR 70 million in 2023, an increase of 55%.

Shareholders’ equity (excluding non-controlling interests) for the current year reached SAR 3.49 billion, compared to SAR 3.03 billion in 2023, an increase of 15%.

The loss per share for the current year amounted to SAR 0.73, compared to a loss of SAR 1.61 in 2023. The company stated in a statement today on Tadawul that the reason for the increase in revenues is due to a 3.5% increase in selling prices and a 10% increase in sales volume compared to the previous year.