Business
SNG: Saudi Ceramics records over 39.5% higher profits in Q1-25
SNG: Saudi Ceramics records over 39.5% higher profits in Q1-25
About this update from Saudi Ceramic Co.
First published: 30-Apr-2025 07:39:56Staff WriterRiyadh: Saudi Ceramic Company (Saudi Ceramics) achieved net profits amounting to SAR 20.82 million in the first quarter (Q1) of 2025, an annual growth of 39.62% from SAR 14.91 million.Revenues climbed by 11.23% to SAR 384.60 million in Q1-25 from SAR 345.76 million in Q1-24, according to the interim financial results.Earnings per share (EPS) jumped to SAR 0.21 as of 31 March 2025 from SAR 0.16 a year earlier.Quarterly, Saudi Ceramics turned profitable in Q1-25 against net losses valued at SAR 88.49 million in Q4-24, while the revenues edged up by 0.60% from SAR 382.30 million.The company reported net losses valued at SAR 79.25 million in 2024, down 66.63% YoY from SAR 237.51 million.All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.