NAJRAN CEMENT 2024 Profits Rise 24% to SAR 68 Million

Najran Cement Co. announced on Sunday that its net profit increased to SAR 68 million during the year ending 2024, compared to SAR 55 million in 2023, following the announcement today of its annual financial results for the year ending Dec. 31, 2024.

The operational profit increased by 17% to SAR 98 million during the year ending Dec. 31, 2024, compared to SAR 83 million the year before.

The total equity, excluding non-controlling interests, increased by 3% to SAR 2.04 billion during the year ending Dec. 31, 2024, compared to SAR 1.97 billion the year before.

Profits per share last year amounted to SAR 0.4, compared to SAR 0.32 in 2023.

The Company stated in a statement today on “Tadawul” that the reason for the increase in sales this year, compared to the previous year is due to an improvement in average selling prices