Saudi Lime Industries Company announced a 119% increase in net profit to SAR 21 million for 2024, compared to SAR 9.7 million in the previous year, following the release of its preliminary financial results for the period ending December 31, 2024.
Operating profit surged 325% to SAR 27 million, up from SAR 6.3 million in 2023.
Total shareholders’ equity, excluding non-controlling interests, rose 8% to SAR 297 million in 2024, compared to SAR 276 million in the previous year.
Earnings per share (EPS) climbed to SAR 0.97, compared to SAR 0.46 in 2023.
In a statement on Tadawul, the company attributed the revenue growth to increased sales volumes, improved average selling prices, and the consolidation of its subsidiary’s operations following its acquisition on May 19, 2024.
