Arabian United Float Glass Reports Strong Revenue and Profit Growth in Latest Financial Results
Saudi Arabia – Arabian United Float Glass Company (AUFG), a leading manufacturer in the glass industry, has reported a solid increase in revenue and profitability, driven by higher sales volumes and improved operational efficiency.
Saudi Arabia – Arabian United Float Glass Company (AUFG), a leading manufacturer in the glass industry, has reported a solid increase in revenue and profitability, driven by higher sales volumes and improved operational efficiency.
According to the company’s recently published financials, AUFG achieved a 4.86% rise in annual revenue, reaching SAR 292.4 million compared to SAR 278.8 million in the previous year. The company also recorded a notable increase in gross profit, which climbed 13.8% year-on-year to SAR 116.2 million.
Net profit followed the same upward trend, increasing by 10.6% to reach SAR 54.5 million, up from SAR 49.2 million in the prior period. This performance translated into an earnings increase per share from 2.9 SAR to 3.2 SAR. Shareholders’ equity also grew by approximately 14.3%, reflecting the company’s strengthening financial position.
AUFG attributed the positive performance to increased market demand, stable production levels, and cost-management strategies that helped boost margins during the period.
In addition to its financial results, the company marked a major milestone with the listing of its shares on the Saudi Nomu Parallel Market in September 2024, enhancing investor accessibility and market visibility.
The company also recently announced arrangements for shareholder participation in its Extraordinary General Assembly Meeting through remote electronic voting using the Tadawulaty platform, emphasizing its commitment to transparency and digital governance.
AUFG continues to position itself as a key player in regional glass production, with expectations of maintaining growth momentum amid rising demand in construction and industrial sectors.
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