29.9500
Change
-0.3500
Change %
1.1551%
Open
30.3000
Close
29.9500
High
30.6000
Low
29.9500

Yamama Cement turns to losses in Q3 on lower sales

2018-10-17 10:52:32 GMT (Economies.com)
 

Yamama Cement Co. on Wednesday posted its financial statements that showed a turn to loss in the third quarter ended 30 September, 2018.

 

According to the company’s filing posted on Tadawul website, the third quarter’s net losses reached SAR 46.4 million, against net profit of SAR 29.2 million in the same period a year earlier.

 

The cement producer recorded operating losses of SAR 39.3 million, versus SAR 25.5 million operating profit in Q3-17.

 

The company ascribed these losses to a reduction in sales compared with the same period in 2017, due to the slump in prices given the fierce competition in the local market.

 

H1-18 net losses amounted to SAR 58.8 million, against SAR 92.1 million net profit in the corresponding period a year earlier.

 

Yamama Cement turns to losses in Q3 on lower sales

 

Yamama Cement Co. on Wednesday posted its financial statements that showed a turn to loss in the third quarter ended 30 September, 2018.

 

According to the company’s filing posted on Tadawul website, the third quarter’s net losses reached SAR 46.4 million, against net profit of SAR 29.2 million in the same period a year earlier.

 

The cement producer recorded operating losses of SAR 39.3 million, versus SAR 25.5 million operating profit in Q3-17.

 

The company ascribed these losses to a reduction in sales compared with the same period in 2017, due to the slump in prices given the fierce competition in the local market.

 

H1-18 net losses amounted to SAR 58.8 million, against SAR 92.1 million net profit in the corresponding period a year earlier.

 
 
 
  Symbol Last Change Chg.%
1.1738
0.0024
0.2010%
1.3721
0.0045
0.3265%
Tadawul
11270.57
-40.58
0.36%
22.674
0.373
1.673%
73.381
2.448
3.451%
77.39
0.12
0.16%
1751.560
-5.245
0.299%
 
 
News Today