The share of Najran Cement Company, which is running and trading in the Saudi market, climbed by 1.50% during the trading today, to circulate at the price of 8.82 riyals per share, after its annual profit increased.
The trading on the share of Najran Cement Company at that time came through 1.04 million shares with a value of trading 9.17 million riyals.
The highest price for the share was at that time at 8.90 riyals per share during the session, while the lowest price for the share was at 8.69 riyals per share.
The price of the Najran Cement Company shares a noticeable increase after announcing its annual financial results, as the company recorded an increase in its net profit by 24.05% during the year 2024.
The company explained that the net profit after zakat and tax amounted to about 68.43 million riyals, compared to 55.16 million riyals in 2023.
The company attributed the reason for the rise in net profit to the increase in sales and the improvement of the total profit margin, despite the high public and administrative expenses, as well as the high financing expenses.
Sales and revenues also increased by 10.06%, to about 534.50 million riyals, compared to 485.65 million riyals in 2023.
The company indicated that the reason for this rise is due to the improvement of the average selling prices compared to the previous year.
