Riyadh – Mubasher: Tabuk Cement Company announced exporting 6,950 tonnes of cement to Yemen.
The Saudi cement producer said that the transaction’s financial impact will appear in its financial results during the fourth quarter of 2018 and Q1-19, according to a statement on Wednesday to the Saudi Stock Exchange (Tadawul).
Tabuk Cement last reported a 57.2% year-on-year loss increase during the third quarter of 2018, reaching SAR 19.19 million after calculating Zakat and Tax, up from SAR 12.2 million.
During the first nine months of 2018, the firm’s net losses deepened by 2,881% to SAR 66.49 million, versus SAR 2.23 million in the prior-year period.
Tabuk Cement’s stock levelled up 0.54% to finish Tuesday’s trading session at SAR 11.20.
