Northern Region Cement Reports SAR 11.69M Net Profit in Three Months 2026
NORTHERN CEMENT 3004.SA | 0.00 |
On 2026-05-07 15:37:06 (Saudi Time), Northern Region Cement Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 175,844 | 145,052 | 21.228 | 180,851 | -2.768 |
| Gross Profit (Loss) | 45,190 | 46,782 | -3.403 | 56,781 | -20.413 |
| Operational Profit (Loss) | 28,308 | 27,130 | 4.342 | 29,521 | -4.108 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 11,690 | 7,831 | 49.278 | 19,017 | -38.528 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 11,603 | 12,583 | -7.788 | 17,943 | -35.334 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,273,721 | 2,264,780 | 0.394 |
| Profit (Loss) per Share | 0.065 | 0.0435 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 21.23% YoY to 175.84 million due to higher sales volume. Net profit surged 49.28% YoY to 11.69 million, driven by the increased sales volume despite a slight decline in gross profit margin.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 2.77% to 175.84 million due to lower sales volumes driven by reduced demand during the period. Net profit fell 38.53% to 11.69 million, primarily attributable to the decreased sales volumes and the absence of other revenues that were recognized in the previous quarter.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No material risks or concerns regarding going concern, debt defaults, or other significant issues were disclosed. Earnings per share increased to 0.065 from 0.0435 in the same quarter last year. Total shareholders' equity remained stable at 2.27 billion, representing a minimal 0.394% increase year-over-year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95076&anCat=1&cs=3004&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.