Sharjah Cement's profits jump 85% in Q1 2025

Abu Dhabi – Mubasher: Sharjah Cement and Industrial Development Company (SCIDCO), listed on the Abu Dhabi Securities Exchange (ADX), reported an 85 percent year-on-year (YoY) jump in profits for the first quarter of 2020.

The company stated in a statement that its profits rose to AED 15.5 million by the end of the first quarter of 2025, compared to profits of AED 8.4 million during the same period in 2024.

It indicated a 6 percent increase in sales, reaching AED 178 million by the end of the first quarter of this year, compared to AED 167 million in the first quarter of 2024.

Sharjah Cement and Industrial Development Company's profits rose to AED 31.7 million by the end of 2024, compared to AED 3.7 million in 2023.

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