Taqat Mineral Trading Co. shares its annual financial outcomes for the period ending December 31, 2024.
- Ayda Salem
- 1 day ago
- 1 min read
April 2, 2025: The revenue increase for 2024 compared to 2023 is driven by higher demand for scrap iron.
The net profit increase for 2024 compared to 2023 is attributed to higher sales.
Certain comparative figures for the previous period have been reclassified to align with the current period's presentation. The balance sheet items as of December 31, 2023 (the comparative period) have also been restated, showing a decrease of SAR 3,507,549, resulting in a net loss of SAR 15,122,572, as noted in the financial statements for the period ending December 31, 2024.