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A trader uses his mobile as he monitors screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh June 15, 2015.Faisal Al Nasser
Najran Cement Company’s net profit plummeted by 25.65% year-on-year (YoY) to SAR 21.54 million in the first quarter (Q1) of 2024 from SAR 28.98 million.
Revenues declined by 3.86% YoY to SAR 138.12 million in Q1-24 from SAR 143.68 million, according to the interim financial results.
The earnings per share (EPS) amounted to SAR 0.13 in the three-month period that ended on 31 March 2024, down from SAR 0.17 in the corresponding period a year earlier.
Quarter-on-quarter (QoQ), the company’s net profit grew by 12.94% in Q1-24 from SAR 19.07 million in Q4-23, while the revenues rose by 8.90% from SAR 126.82 million.
Najran Cement’s net profit plunged by 38.45% YoY to SAR 69.43 million in 2023 from SAR 112.80 million.
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