SAIC-

Saudi Advanced Industries Company (Saic) posted a 98.3% y-o-y increase in net income to SAR 295.1 mn in FY 2024, despite rising financial, administrative, and zakat expenses, according to a disclosure to Tadawul. Meanwhile, the company’s top line grew 90.1% y-o-y to SAR 342.4 mn during the same period, aided by the sale of associated companies and financial assets, as well as an increase in unrealized gains.

EPCCO-

The Eastern Province Cement Company (Eppco) saw its net income increase 26.5% y-o-y to SAR 248 mn in FY 2024 on the back of improved results of an associate company, gains from divestments, and lower expenses, it said in a disclosure to Tadawul. Meanwhile, revenues were up 21.6% y-o-y at SAR 1.2 bn during the year, lifted by a higher demand and pricing for cement, as well as strong precast sales.

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