Latest news with #SaudiChemicalCompany
Zawya
16-05-2025
- Business
- Zawya
Saudi Chemical announces lower profits at $22mln in Q1-25
Riyadh - The net profits of Saudi Chemical Company hit SAR 82.33 million in the first quarter (Q1) of 2025, reflecting an annual decrease of 9.97% from SAR 91.45 million. The revenues stood at SAR 1.643 billion in the first three months (3M) of 2025, down 0.07% year-on-year (YoY) from SAR 1.644 billion, according to the financial results. The earnings per share (EPS) declined to SAR 0.10 in Q1-25 from SAR 0.11 in the same period a year earlier. On a quarterly basis, the net profits in Q1-25 jumped by 58.54% from SAR 51.93 million in Q4-24, while the revenues retreated by 6.69% from SAR 1.76 billion. As of 31 December 2024, the net profits of Saudi Chemical hiked by 59.21% YoY to SAR 291.20 million from SAR 182.90 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
21-04-2025
- Business
- Zawya
Saudi Chemical's board mulls $11.2mln dividends for 2024
The board of Saudi Chemical Company proposed cash dividends of SAR 42.16 million for 2024, according to a bourse disclosure. The company will disburse a dividend of SAR 0.05 per share, equivalent to 5% of the share capital, for 843.20 million eligible shares. Meanwhile, the payment date will be announced at a later time. Saudi Chemical's net profits hiked by 59.21% year-on-year (YoY) to SAR 291.20 million in 2024 from SAR 182.90 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Leaders
05-03-2025
- Business
- Leaders
Saudi Chemical's Net Profit Skyrockets by 59% in 2024
Saudi Chemical Company announced a 59.21% annual increase in net profit, reaching SAR 291.20 million in 2024, compared to SAR 182.90 million in 2023. This robust growth reflects the company's strategic focus on operational efficiency and market expansion. The earnings per share (EPS) rose to SAR 0.35 as of 31 December 2024, up from SAR 0.22 in the same period last year. This improvement underscores the company's commitment to delivering value to shareholders. Revenue Surges by Over 31% In addition, Saudi Chemical generated a 31.32% higher revenue in 2024, reaching SAR 6.37 billion compared to SAR 4.85 billion in 2023. This marked an annual surge of SAR 1.50 billion, driven by increased sales volumes. The positive financial results followed a strong first nine months (9M) of 2024. During this period, Saudi Chemical logged net profits of SAR 237.16 million—a 152.62% jump from SAR 93.88 million in 9M-23. Third Quarter Highlights Steady Growth During Q3-24, net profit soared by 107.94% to SAR 72.99 million from SAR 35.10 million in Q3-23. Revenue also rose by 12.80% to SAR 1.35 billion from SAR 1.20 billion in the same quarter last year. Quarterly Trends and Revenue Shifts On a quarterly basis, Q3-24 net profits were marginally higher by 0.38% compared to SAR 72.71 million in Q2-24. However, revenue dipped by 16.18% to SAR 1.35 billion from SAR 1.61 billion in Q2-24. It is worth noting that in the first half (H1) of 2024, Saudi Chemical recorded a net profit surge to SAR 164.17 million, while revenue hit SAR 3.25 billion. This early performance signaled the company's readiness for sustained growth. Saudi Chemical's 2024 results demonstrate its ability to navigate market dynamics and capitalize on opportunities. With a focus on innovation and customer demand, the company remains poised for further expansion in the Saudi market and beyond. Short link : Post Views: 20
Zawya
05-03-2025
- Business
- Zawya
Saudi Chemical witnesses 59% growth in 2024 net profit following annual leap in 9M
Riyadh: Saudi Chemical Company achieved a 59.21% annual increase in net profit to SAR 291.20 million in 2024, compared with SAR 182.90 million. The earnings per share (EPS) rose to SAR 0.35 as of 31 December 2024 when compared to SAR 0.22 in the year-ago period, according to the financial results. Saudi Chemical generated 31.32% higher revenue at SAR 6.37 billion in 2024 from SAR 4.85 billion in 2023, marking an annual surge of SAR 1.50 billion due to an increase in sales volumes. The positive financial results at the end of 2024 followed robust performance by Saudi Chemical during the first nine months (9M) of 2024, when it logged net profits worth SAR 237.16 million that signalled a 152.62% jump from SAR 93.88 million in 9M-23. The EPS stood at SAR 0.28 in 9M-24, compared to SAR 0.11 in 9M-23. In addition, the revenue increased by 33.88% to SAR 4.61 billion during the January-September 2024 period from SAR 3.44 billion in the corresponding 9M a year earlier. As for the third quarter (Q3) of 2024, Saudi Chemical's net profit soared by 107.94% to SAR 72.99 million from SAR 35.10 million in Q3-23, while the revenue rose by 12.80% to SAR 1.35 billion from SAR 1.20 billion. On a quarterly basis, the Q3-24 net profits were 0.38% marginally higher than SAR 72.71 million in Q2-24, whereas the revenue decreased by 16.18% from SAR 1.61 billion. It is worth noting that in the first half (H1) of 2024, Saudi Chemical recorded a jump in net profit to SAR 164.17 million while its revenue hit SAR 3.25 billion.
