Riyadh – Mubasher: Umm Al Qura Cement’s losses deepened 146.56% year-on-year to SAR 4.27 million in the third quarter of 2016 from SAR 1.7 million.
The rise in Q3 losses was attributed to lower foreign currency exchange losses and higher general and administrative expenses, according to a bourse filing.
The company's losses decreased 12.7% to SAR 12.28 million in the first nine months of 2016 from SAR 14.06 million in the same period of the previous year.
Total revenues reached SAR 428,802 in Q3-16 compared to nothing achieved in the same quarter of 2015.
