PHOTO
Image used for illustrative purpose Investors monitor a screen displaying stock information at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019.
Riyadh – National Gas and Industrialization Company (GASCO) logged net profits valued at SAR 248.70 million in 2024, an annual rise of 9.41% from SAR 227.30 million.
Revenues grew 16.73% year-on-year (YoY) to SAR 2.86 billion at the end of December 2024 from SAR 2.45 billion, according to the financial results.
The higher revenues were backed by a SAR 365 million increase in gas sales due to a surge in gas prices and volume.
Meanwhile, the earnings per share (EPS) jumped to SAR 3.32 last year from SAR 3.03 in 2023.
Source: Mubasher
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