Riyadh – Mubasher: Hail Cement Company (HCC) posted SAR 59.66 million in net profits after Zakat and tax for 2019, against losses of SAR 25.03 million in 2018.
Achieving net profits last was attributed by the company to an increase in revenues and a decrease in expenses, according to a statement to the Saudi Stock Exchange (Tadawul).
Revenues grew by about 40% to SAR 274.4 million in 2019, compared to roughly SAR 196 million in the year before.
Accordingly, profit per share reached SAR 0.6, versus losses per share at SAR 0.24 for 2018.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
