Riyadh – Mubasher: Riyadh Cables Group Company generated net profits valued at SAR 256.23 million in the first quarter (Q1) of 2025, marking a 51.62% surge from SAR 168.99 million in Q1-24.
Revenues hit SAR 2.48 billion as of 31 March 2025, up 22.51% year-on-year (YoY) from SAR 2.03 billion, according to the financial results.
The earnings per share (EPS) increased to SAR 1.71 in Q1-25 from SAR 1.14 a year earlier.
Quarterly, the Q1-25 net profits went up by 0.98% from SAR 253.74 million in Q4-24, while the revenues inched down by 0.29% from SAR 2.49 billion.
The company’s net profits amounted to SAR 816.88 million in 2024, which marked an annual leap of 57.55% from SAR 518.49 million.
