Riyadh – Mubasher: Najran Cement Company’s net profit plummeted by 25.65% year-on-year (YoY) to SAR 21.54 million in the first quarter (Q1) of 2024 from SAR 28.98 million.
Revenues declined by 3.86% YoY to SAR 138.12 million in Q1-24 from SAR 143.68 million, according to the interim financial results.
The earnings per share (EPS) amounted to SAR 0.13 in the three-month period that ended on 31 March 2024, down from SAR 0.17 in the corresponding period a year earlier.
Quarter-on-quarter (QoQ), the company’s net profit grew by 12.94% in Q1-24 from SAR 19.07 million in Q4-23, while the revenues rose by 8.90% from SAR 126.82 million.
Najran Cement’s net profit plunged by 38.45% YoY to SAR 69.43 million in 2023 from SAR 112.80 million.
