Southern Cement Net Profit Rises 25% to SAR 244 Million in 2024

Southern Province Cement Co. announced a 25% increase in net profit, reaching SAR 244 million in 2024, compared to SAR 195 million in 2023, following the release of its annual financial results for the period ending December 31, 2024.

Key Financial Highlights:

• Operational profit grew 32% to SAR 268 million, up from SAR 203 million in 2023.

• Shareholders’ equity (after deducting minority interest) rose 2.3% to SAR 3.3 billion, compared to SAR 3.2 billion in 2023.

• Earnings per share (EPS) increased to SAR 1.74, up from SAR 1.4 in 2023.