Riyadh – Mubasher: Hail Cement Company (HCC) posted its interim financial results for the third quarter of 2019.
The company turned profitable recording SAR 11 million in Q3-19, against losses of SAR 15.8 million in Q3-18, according to a bourse filing on Thursday.
Revenues of the Saudi-based firm hiked by 51.74% year-on-year to SAR 62.2 million during the three-month period ended September.
For the first nine months of 2019, net profits of HCC registered SAR 28.21 million, versus losses of SAR 32.08 million in the same period a year ago.
The company generated SAR 184.2 million in revenues by the end of September, up 40.6% from SAR 130.9 million in September 2018.
Profit per share stood at SAR 0.29 in nine months, from a loss per share of SAR 0.33 in the same period of the previous year.
