Money and business
Yanbu Cement’s profits increase to 157 million riyals in 2024
The profits of Yanbu Cement Company in 2024 increased by 31% to 157 million riyals, compared to 120 million riyals in 2023.
According to the company’s statement on the circulation of Saudi Arabia, the reason for the rise in the net profit during the current year compared to the previous year is to an increase in the revenue of local sales.
She added that among the reasons is the decrease in sales and distribution expenses and increased profits of investments at fair value, despite the high administrative and public expenses, financing costs and zakat expenses.
According to the company’s statement on the circulation of Saudi Arabia, the reason for the rise in the net profit during the current year compared to the previous year is to an increase in the revenue of local sales.
She added that among the reasons is the decrease in sales and distribution expenses and increased profits of investments at fair value, despite the high administrative and public expenses, financing costs and zakat expenses.
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