Riyadh – Mubasher: Qassim Cement Company reported a 35.09% year-on-year (YoY) surge in net profit to SAR 74.22 million in the first quarter (Q1) of 2024 from SAR 54.93 million.
Revenues rose by 12.83% YoY to SAR 196.41 million in Q1-24 from SAR 174.07 million, according to the interim financial results.
The earnings per share (EPS) amounted to SAR 0.83 in the three-month period that ended on 31 March 2024, up from SAR 0.61 in the corresponding period a year earlier.
Quarter-on-quarter (QoQ), the company’s net profit soared 81.51% in Q1-24 from SAR 40.88 million in Q4-23, while the revenues jumped by 29.68% from SAR 151.46 million.
In 2023, Qassim Cement’s net profit grew by 8.78% YoY to SAR 141.97 million from SAR 130.51 million.
