Hail Cement records 52% revenue increase in the 3Q19

Saudi Arabia’s Hail Cement has recorded a SAR7.6m (US$1.95m) net profit in the 3Q19, compared with a loss of SAR18.3m in the year-ago period. Revenue also improved 51.7 per cent YoY to SAR62.2m from SAR41m.

In the first nine months of 2019, revenue advanced 40.6 per cent to SAR184.2m from SAR130.9m. Net profit finished at SAR28.22m against a loss of SAR32.1m in the 9M18.