PHOTO
An investor gestures as he monitors a screen displaying stock information in Riyadh, Saudi Arabia, November 6, 2017. Reuters, Faisal Al Nasser
Tabuk Cement Company recorded net profits valued at SAR 47.45 million in the first half (H1) of 2024, higher by 61.89% year-on-year (YoY) than SAR 29.31 million.
Earnings per share (EPS) reached SAR 0.53 as of 30 June 2024, versus SAR 0.33 in H1-23, according to the interim financials.
Revenues climbed by 19.23% YoY to SAR 172.48 million in H1-24 from SAR 144.66 million.
Financials for Q2-24
In the second quarter (Q2) of 2024, the net profits reached SAR 31.34 million, an annual leap of 214.34% from SAR 9.97 million.
The company posted revenues amounting to SAR 85.44 million, up 46.35% YoY from SAR 58.38 million.
Quarterly, the Q2-24 net profits surged by 94.53% from SAR 16.11 million in the January-March 2024 period, while the revenues declined by 1.84% from SAR 87.05 million.
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