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FinancialNews


  • 17-07-12

    Saudi Hail Cement's net loss grows by 36% in Q2

    (MENAFN) Hail Cement Company stated that it incurred a USD2.29 million net loss in the second quarter of the current year, up by 36 percent from the USD1.68 million loss posted in the first quarter, according to a statement on Saudi Tadawul. The company attributed the loss to the pre-operating stage it's going through, with operations due to begin in next year's first quarter. Hail Cement added that for the January-June period, net loss was USD3.97 million. It is worth noting that the company didn't provide comparative figures for 2011.

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