Riyadh – Mubasher: Yanbu Cement Company registered a 13.65% rise in net profit to SAR 98.07 million during the first half (H1) of 2024, compared to SAR 86.29 million in H1-23.

Revenues hit SAR 428.37 million in H1-24, higher by 7.74% year-on-year (YoY) than SAR 397.56 million, according to the interim income results.

Earnings per share (EPS) grew to SAR 0.62 as of 30 June 2024 from SAR 0.55 in the year-ago period.

Financials for Q2-24

In the second quarter (Q2) of 2024, the company's net profits reached SAR 39.77 million, an annual increase of 12.75% from SAR 35.27 million.

The revenues climbed by 11.89% to SAR 194.20 million in Q2-24 from SAR 173.56 million a year earlier.

Quarterly, the Q2-24 net profits dropped by 31.79% from SAR 58.31 million in Q1-24, while the revenues retreated 17.06% from SAR 234.17 million.

Last May, the board members of Yanbu Cement announced cash dividends worth SAR 118.12 million for H1-24.