AQASEEM Profits Drop 87% to SAR 1.3 Million by End-2024

Aqaseem Factory for Chemicals and Plastics Co. announced on Thursday that its net profit fell to SAR 1.3 million by the end of 2024, compared to SAR 10.1 million in 2023, following the announcement today of the preliminary financial results for the duration ending December 31, 2024.

The operational profit decreased by 55% to SAR 5.6 million by the end of 2024, compared to SAR 13 million in 2023.

The shareholders’ equity (excluding non-controlling interests) in the current year decreased by 7% to SAR 52 million, compared to SAR 56 million in 2023.

The profits per share for the current year amounted to SAR 0.05, compared to SAR 0.41 in 2023.