Financial Results : Southern Cement profit slumps 63% to SAR 27M in Q1 2025

Southern Cement profit slumps 63% to SAR 27M in Q1 2025

14/05/2025 Argaam Exclusive

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Southern Province Cement Co. reported a net profit fall of 63% to SAR 27 million in Q1 2025, from SAR 72 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 251.00 220.00 (12.4 %)
Gross Income 98.00 47.00 (52.0 %)
Operating Income 79.00 32.00 (59.5 %)
Net Income 72.00 27.00 (62.5 %)
Average Shares 140.00 140.00 -
Earnings Per Share before unusual items (Riyals) 0.51 0.19 (62.5 %)
EPS (Riyals) 0.51 0.19 (62.5 %)

The profit decline was due to lower sales value and volume as well as higher cost of sales.

 

Net profit dropped 72.7% from SAR 99 million in Q4 2024.

 

Shareholders' equity, no minority interest, amounted to SAR 3.39 billion at the end of March 2025, compared to SAR 3.34 billion at the end of the same period of the previous year.

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