Riyadh – Mubasher: Arabian Cement Company posted its interim financial results for the second quarter of 2019.
The company turned profitable with SAR 37.3 million in Q2-19, against losses of SAR 50.9 million in Q2-18, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Sunday.
Revenues of the Saudi-based firm jumped by 52.69% to SAR 164.6 million during the three-month period ended June, compared to SAR 107.8 million in the same period a year ago.
For the first half of 2019, the company achieved profits of SAR 74.5 million, versus losses of SAR 57 million in H1-18.
Arabian Cement generated SAR 353.8 million in revenues during H1-19, up 15.05% from SAR 307.5 million in H1-18.
Profit per share stood at SAR 0.74 during the first six months of 2019, against loss per share of SAR 0.57 in the corresponding period last year.
