Southern Province Cement Co. 2024 Annual Results
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.
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.