Riyadh Steel Co. announces its Annual Financial results for the period ending on 2024-12-31

23 March 2025 07:03 AM

RIYADH STEEL 9588 11.52% 1.84 0.19

Element List	Current Year	Previous Year	%Change
Sales/Revenue	162,572,625	134,200,606	21.14
Gross Profit (Loss)	16,349,033	22,057,708	-25.88
Operational Profit (Loss)	4,071,846	11,385,339	-64.24
Net profit (Loss)	1,998,666	11,143,898	-82.06
Total Comprehensive Income	2,923,446	10,597,752	-72.41
Total Shareholders Equity (after Deducting Minority Equity)	77,856,694	74,933,248	3.9
Profit (Loss) per Share	0.03	0.16
All figures are in (Actual) 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 (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The increase in revenue is primarily attributable to higher volumes sold in comparison to the previous year.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The decrease in net profit is primarily attributable to reduction in selling prices, reduction in other income and higher expenses in comparison to the previous year.
Statement of the type of external auditor's report	Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	N/A
Reclassification of Comparison Items	Some figures for the comparative period have been reclassified to be consistent with the current period’s classification. For more information, please refer to note 31 in the consolidated financial statements for the year ended 31 December 2024.
Additional Information	-

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