38.8500
Change
-0.1500
Change %
0.3846%
Open
39.0000
Close
38.8500
High
39.1000
Low
38.4000

Saudi Ceramics FY18 losses widen 127%

2019-03-27 15:44:16 GMT (Economies.com)
 

Saudi Ceramic Co. on Wednesday posted a 127.3% surge in net loss for the fiscal year 2018, according to the company’s filing to Tadawul.

 

The company’s FY18 net loss amounted to SAR 220.6 million, compared to SAR 97.1 million reported in the same period a year ago. 

 

Net operating loss also rose to SAR 160.4 million, from SAR 63 million.

 

The company attributed the losses increase to an decline in sales revenues, coupled with a rise in other costs.

 

FY18 revenues fell to SAR 1.028 billion, from SAR 1.139 billion reported in the same period a year ago.

 

Meanwhile, financial results for the first nine months of 2018 showed SAR 135.8 million net loss, up 296.1 % year-on-year compared with SAR 34.3 million.

 

 
 
 
  Symbol Last Change Chg.%
1.1829
0.0119
1.0141%
1.3096
0.0081
0.6189%
Tadawul
7499.97
10.08
0.13%
28.756
4.508
18.594%
41.905
1.470
3.635%
44.63
-0.46
1.02%
2059.605
90.250
4.583%
 
 
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