Riyadh – Mubasher: Hail Cement Company (HCC) on Sunday reported a 200.6% surge in profits during the third quarter (Q3) of 2020.
Thanks to higher revenue and lower expenses, the firm’s earnings grew to SAR 22.8 million during Q3-20 from SAR 7.59 million in Q3-19, according to a bourse disclosure.
Revenues for the three-month period ended 30 September reached SAR 71.7 million, up by 15.2% yearly.
During the period from January to September, the profits amounted to 84.8 million, an annual increase of 200.5%.
