Riyadh – Mubasher: Hail Cement on Monday announced that it swung to a loss during the full-year in 2018.
Net losses amounted to SAR 23.55 million in 2018, compared to a profit of SAR 15.54 million in 2017, according to a filing to the Saudi Stock Exchange (Tadawul).
The company’s revenues rose 19.1% year-on-year to SAR 195.98 million last year.
The company’s profits recorded SAR 8.83 million in Q4-18, against SAR 11.59 million in Q4-17.
By the end of Monday’s session, Hail Cement’s stock fell 0.85% at SAR 8.18.
