Riyadh Cables Q1 Profit Jumps 51.6% to SAR 256.2 Mln

Riyadh Cables Group Co. reported on Wednesday a 51.6% increase in net profit for the first quarter, reaching SAR 256.2 million, compared to SAR 168.9 million in the same quarter last year. This came after the announcement today of the preliminary financial results for the (three-month) period ending March 31, 2025.

Operational profit in the first quarter rose to SAR 292.9 million, up 43.5% from SAR 204.1 million in the same quarter a year earlier.

Total equity (excluding non-controlling interests) for the three-month period stood at SAR 2.89 billion, compared to SAR 2.62 billion in the prior period, an increase of 10.4%.

Profits per share for the current period reached SAR 1.71, up from SAR 1.14 in the previous period.