Hail Cement Company achieved a growth of 82% in its profits in 2020, to reach after zakat and tax to about 107.48 million riyals, compared to 59.06 million riyals in the year 2019. < / p>
According to Arabia Net, the company attributed the increase in net profits to the increase in revenues and a decrease in some expenses.
The company's revenues increased by 22.5% during the year 2020, to reach 336.28 million riyals, compared to about 274.4 million riyals in the year 2019.
The profits of Hail Cement Company jumped by 200.6% in the third quarter of this year, to reach 22.8 million riyals, compared to 7.594 million riyals during the corresponding period of last year .
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.
