Riyadh – Mubasher: Saudi Ceramic Co. has reported a 50% year-on-year loss decline during the first quarter of 2019.
The company’s loss went down to SAR 25 million in Q1-19 from SAR 50 million in the year-ago period, according to a bourse statement released on Thursday.
The decline in the Tadawul-listed firm’s loss stemmed from the increase in revenue, which resulted from the sales mix and the efficiency of costs.
Saudi Ceramic reported a 127.3% year-on-year increase in losses during the full-year 2018, recording SAR 220.6 million.
