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Home / Southern Province Cement Co. / 2024 Annual Results

Southern Province Cement Co. 2024 Annual Results

Revenue
SAR 935M
Net Profit
SAR 244M
EPS
SAR 1.74
Operating Cash Flow
SAR 177M

Southern Province Cement Co. (3050) reported full year 2024 revenue of SAR 935M, down 12.6% from SAR 1.07B in 2023. Net profit came in at SAR 244M, up 24.7% year on year. Earnings per share were SAR 1.74. The company generated SAR 177M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Earnings Quality

Of every SAR 1.00 in reported net profit, SAR 0.72 arrived as operating cash flow — indicating Moderate quality earnings with a cash conversion ratio of 0.72.

Key Financial Metrics

Metric20242023
RevenueSAR 935MSAR 1.07B
Net ProfitSAR 244MSAR 195M
Net Margin26.1%18.3%
ROE7.2%6.0%
EPSSAR 1.74SAR 1.40
Total AssetsSAR 4.43BSAR 4.08B
Total EquitySAR 3.37BSAR 3.29B
Total LiabilitiesSAR 1.06BSAR 797M
Operating Cash FlowSAR 177MSAR 328M

Year on Year Comparison

Revenue decreased by 12.6% compared to 2023. Net profit increased by 24.7%. Revenue declined but profit grew — indicating improved efficiency or cost control.

Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2025-03-31.