Cement News tagged under: Financial news

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Najran Cement reports improved financial results

06 November 2024, Published under Cement News

Najran Cement (Saudi Arabia) has reported a significant improvement in its financial performance for the 3Q24, reflecting a rise in sales and profitability compared to both the same period in 2023 and in the previous quarter. The company recorded sales of SAR134.57m (US$35.88m), marking an 18.2 per cent increase from SAR113.84m in the year-ago period. The company’s gross profit rose to SAR36.89m, a 14 per cent increase from SAR32.37m in the 3Q23 and operational profit increased 20.7 per...

Tabuk Cement reports boost in financial performance

06 November 2024, Published under Cement News

Tabuk Cement Co (Saudi Arabia) reported a significant boost in its financial performance for the 3Q24, with notable increases in sales, profits and total comprehensive income compared to the same period the year previous and in the last quarter. The company’s sales reached SAR90.12m (US$24.03m), a 66.5 per cent increase compared to the same period the year previous. In the nine-month period, the company’s revenue climbed to SAR262.60m, up 32.1 per cent from last year, while net profit s...