Hail Cement Co. posted a net profit after Zakat and tax of SAR 28.2 million for the first nine months of 2019, as compared to a net loss of SAR 32.1 million during the same period in 2018, the company said in a statement to Tadawul.
The company attributed the higher profits to the increase in revenue.
|Gross Income||(10.83)||49.64||558.5 %|
|Operating Income||(27.78)||33.51||220.7 %|
|Net Income||(32.08)||28.22||188.0 %|
|EPS (Riyal)||(0.33)||0.29||188.0 %|
Hail Cement also posted a net profit of SAR 7.59 million in the third quarter of 2019 as compared to a net loss of SAR 18.3 million in Q3 2018 on higher revenues.
On a sequential basis, the company widened its net losses.
|2019 - Q3 (e)||2019 - Q3 (a)||Change|
|Company||2019 - Q3 (e)||2019 - Q3 (a)||Difference|
|P/E Before Unusual Items (TTM)||28.50|
|Market Cap. (M)||1,047.53|
|Return on Average Assets||2.85 %|
|Return on Average Equity||3.64 %|