Money and business
The profits of “Umm Al -Qura Cement” jump 1108% to 47.7 million riyals in 2024
The profits of Umm Al -Qura Cement Company jumped in 2024 by 1107.8% to 47.7 million riyals, compared to 3.9 million riyals in 2023.
According to the company’s statement on the circulation of Saudi Arabia, the reason for the rise in net profit during this year compared to the previous year is due to the noticeable rise in the quantity and value of sales, in addition to the decrease in public and administrative expenses, financing and zakat expenses, which led to improving the net profit.
The reasons included: the return of the amount of cement production to normal.
According to the company’s statement on the circulation of Saudi Arabia, the reason for the rise in net profit during this year compared to the previous year is due to the noticeable rise in the quantity and value of sales, in addition to the decrease in public and administrative expenses, financing and zakat expenses, which led to improving the net profit.
The reasons included: the return of the amount of cement production to normal.
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