Riyadh – Mubasher: Hail Cement Company (HCC) posted SAR 59.66 million in net profits after Zakat and tax for 2019, against losses of SAR 25.03 million in 2018.
Achieving net profits last was attributed by the company to an increase in revenues and a decrease in expenses, according to a statement to the Saudi Stock Exchange (Tadawul).
Revenues grew by about 40% to SAR 274.4 million in 2019, compared to roughly SAR 196 million in the year before.
Accordingly, profit per share reached SAR 0.6, versus losses per share at SAR 0.24 for 2018.
