Al Taiseer Group’s Talco Industrial Co. reported a 3% increase in net profit to SAR 83 million for 2024, up from SAR 80 million in 2023, following the release of its annual financial results for the period ending December 31, 2024.
The company’s operational profit reached SAR 98 million at the end of 2024, compared to SAR 94 million in 2023, reflecting a growth of 5%.
Total shareholders’ equity, after deducting minority interest, increased by 5% to SAR 506 million, up from SAR 483 million in 2023.
Earnings per share for the year amounted to SAR 2.07, compared to SAR 2 in 2023.
According to a statement on Tadawul, the growth in sales value to SAR 706.51 million in 2024, compared to SAR 677.86 million in 2023, was primarily driven by higher sales volumes in both the aluminum and paint sectors.
