City Cement Co. reported a net profit of SAR 51.5 million in Q1 2025, an increase of 24% from SAR 41.6 million in the year-earlier period.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 119.83 | 149.27 | 24.6 % |
Gross Income | 48.57 | 63.07 | 29.8 % |
Operating Income | 38.16 | 47.26 | 23.9 % |
Net Income | 41.59 | 51.54 | 23.9 % |
Average Shares | 140.00 | 140.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.30 | 0.37 | 23.9 % |
EPS (Riyal) | 0.30 | 0.37 | 23.9 % |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 159.62 | 149.27 | (6.5 %) |
Gross Income | 54.66 | 63.07 | 15.4 % |
Operating Income | 41.09 | 47.26 | 15.0 % |
Net Income | 41.09 | 51.54 | 25.4 % |
Average Shares | 140.00 | 140.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.29 | 0.37 | 25.4 % |
EPS (Riyal) | 0.29 | 0.37 | 25.4 % |
This was attributed to higher sales volumes and value for the current quarter on increased average selling prices.
On a quarterly basis, the three-month net earnings also rose 25.4% from SAR 41.09 million in Q4 2024, driven by the elevated average selling prices and other income.
The quarter-on-quarter (QoQ) profit growth came despite lower sales value and volumes on a sequential basis for Q1 2025.
Shareholders’ equity, no minority interest, reached SAR 1.84 billion by March 31, 2025, compared to SAR 1.76 billion in the prior-year period.
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