Cement News tagged under: Saudi Aarabia
Hail Cement's posts net profits of SAR24.5m24 August 2023, Published under Cement NewsIn the 1H23 Hail Cement recovered net profits after zakat and tax valued at SAR24.48m (US$6.53m), compared to net losses of SAR13.72m during the same period a year earlier. Revenues plummeted by 26.3 per cent YoY to SAR121.63m in the 1H23 from SAR164.93m in the 1H22. During the first three months of 2023, the company also turned profitable at SAR5.97m, versus net losses after zakat and tax worth SAR6.82m in the year-ago period. The revenues reached SAR59.78m during April-June 2023, l... |
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