Riyadh - Mubasher: Saudi Cement Company's profits declined by 4.66% in the first quarter of 2025, compared to the same quarter of 2024, due to a decline in total sales volume and value.

The company's results on the Saudi Stock Exchange (Tadawul) on Monday revealed a decline in net profit to SAR 108.5 million in the first quarter of this year, compared to SAR 113.8 million in the same period last year.

The company explained that the decline in net profits was due to lower revenues due to a decline in total sales volume and value, in addition to a decline in other revenues and a decline in the company's share of the net profits of an affiliated company, in addition to an increase in general and administrative expenses and the zakat provision.

On a quarterly basis, the company's profits fell by 10.03%, compared to the previous quarter's profits of SAR 120.6 million.

Total sales/revenues declined to SAR 418.2 million in the first quarter of 2025, compared to SAR 426.5 million in the same period in 2024, a marginal decline of 1.95%.