Hail Cement Company achieved a 200.6% jump in its third-quarter 2020 net profit.
According to Arabiya Net, the company said in a statement that its profits amounted to 22.8 million riyals, compared to 7.594 million riyals during the corresponding period last year.
The increase in net profit during the current quarter compared to the same quarter of the previous year is due to higher revenues and lower expenses.
The company's revenues amounted to 71.679 million riyals during the third quarter, compared to 62.213 million riyals during the same period last year.
