PHOTO
A trader uses his mobile as he monitors screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh June 15, 2015.
Northern Region Cement Company generated net profits valued at SAR 63.40 million in the first half (H1) of 2024, higher by 53.34% year-on-year (YoY) than SAR 41.34 million.
The revenues hit SAR 286.64 million in H1-24, marking a drop of 15.45% from SAR 339.03 million a year earlier, according to the interim financial results.
Earnings per share (EPS) increased to SAR 0.35 in the January-June 2024 period from SAR 0.23 in H1-23.
Income Results for Q2-24
During the second quarter (Q2) of 2024, the Saudi firm generated SAR 11.77 million in net profit, down 39.88% YoY from SAR 19.59 million.
Revenues witnessed a 6.60% decline to SAR 147.51 million in the three-month period that ended on 30 June 2024, compared to SAR 157.94 million in Q2-23.
Quarter-on-quarter (QoQ), the profits in Q2-24 plummeted by 77.18% from SAR 51.62 million in Q1-24, while the revenues climbed by 6.02% from SAR 139.13 million.
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