Tabuk Cement earns SAR 79.6M in 2024, SAR 9.1M in Q4

Tabuk Cement earns SAR 79.6M in 2024, SAR 9.1M in Q4

26/03/2025 Argaam Exclusive

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Tabuk Cement Co. reported a net profit of SAR 79.6 million in 2024, compared with SAR 15 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 265.08 343.36 29.5 %
Gross Income 53.16 96.55 81.6 %
Operating Income 33.79 91.02 169.4 %
Net Income 15.01 79.56 430.0 %
Average Shares 90.00 90.00 -
Earnings Per Share before unusual items 0.17 0.88 430.0 %
EPS (Riyals) 0.17 0.88 430.0 %

The increased earnings were attributed to higher sales, a rise in other income, as well as a decrease in financing costs and Zakat expenses.

 

The cement producer reported a net profit of SAR 9.1 million in Q4 2024, versus a net loss of SAR 10.15 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 66.29 80.76 21.8 %
Gross Income 2.07 16.32 687.5 %
Operating Income 5.74 36.13 528.9 %
Net Income (10.15) 9.06 189.2 %
Average Shares 90.00 90.00 -
Earnings Per Share before unusual items (0.11) 0.10 189.2 %
EPS (Riyals) (0.11) 0.10 189.2 %

On a quarterly basis, the company’s Q4 earnings declined from SAR 23.05 million in Q3 2024.

 

Total shareholders’ equity, no minority interest, stood at SAR 1.20 billion by Dec. 31, 2024, compared to SAR 1.29 billion in the prior-year period.

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