Riyadh – Mubasher: Saudi Cement Company posted 3.77% lower net profits at SAR 201.10 million in the first half (H1) of 2024, compared to SAR 209 million.
The Tadawul-listed firm generated revenues amounting to SAR 804.70 million in H1-24, up 5.06% year-on-year (YoY) from SAR 765.90 million, according to the financial results.
Earnings per share (EPS) dropped to SAR 1.31 as of 30 June 2024 from SAR 1.37 in the year-ago period.
Financials for Q2-24
In the second quarter (Q2) of 2024, the net profits stood at SAR 87.30 million, marking a rise of 2.46% from SAR 85.20 million a year earlier.
Revenues widened by 6.11% to SAR 378.10 million in Q2-24 from SAR 356.30 million in Q2-23.
Quarter-on-quarter (QoQ), the profits in Q2-24 decreased by 23.28% from SAR 113.80 million in Q1-24, while the revenues fell by 11.34% from SAR 426.50 million.
