Cement News tagged under: Riyadh Cement Co

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Riyadh Cement Co significantly improves 3Q results

11 November 2024, Published under Cement News

Riyadh Cement Co reported sales of SAR203.01m (US$54.1m), up 59.7 per cent YoY, in the third quarter of 2024 (ended 30 September 2024). In the 3Q23 the company saw sales of SAR127.15m. Gross profit improved by 181.3 per cent YoY to SAR83.91m from SAR29.83m in the 9M23 while operating profit surged by 250.8 per cent YoY to SAR74.62m in the 9M24. Net profit for the quarter stood at SAR94.58m, up 405.5 per cent from SAR18.71m in the 3Q23. January-September 2024 Sales revenue in the fir...