59.1000
Change
0.9000
Change %
1.5464%
Open
58.2000
Close
57.7000
High
59.3000
Low
57.8000

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.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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