|27 February, 2020

Saudi Ceramic achieves profits in 2019

The rise in sales resulted from higher sales volumes and prices

Riyadh – Mubasher: The Saudi Ceramic Company reported SAR 7.15 million in annual net profit during 2019, against losses of around SAR 220,600 in 2018.

The rise in sales resulted from higher sales volumes, as well as an increase in the average selling price, according to a bourse statement.

Meanwhile, the company’s annual financial results showed lower depreciation costs, as well as general and administrative expenses.

Source: Mubasher

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