“Al -Jouf Cement” incur losses of 27.7 million riyals in 2024

Al -Jouf Cement Company turned for a loss in 2024, to incur losses of 27.7 million riyals, compared to profits of 37.7 million riyals in 2023.
According to the company’s statement on Saudi Arabia’s circulation, the reason for achieving a net loss during the current year compared to a net profit in the previous year is a decrease in the value of sales and the high operating costs.
The reasons included: high financing expenses, despite the high amount of local sales, and the rise in other revenues.