Riyadh – Mubasher: Hail Cement Company logged net profits after Zakat and tax worth SAR 16.41 million in 2022, an annual plunge of 61.29% from SAR 42.40 million.
Meanwhile, the revenues hiked by 44.28% to SAR 365.46 million last year from SAR 253.30 million in 2021, according to the income statements.
Earnings per share (EPS) stood at SAR 0.17 during the January-December 2022 period, down from SAR 0.43 a year earlier.
Last December, Hail Cement distributed SAR 24.10 million, equivalent to SAR 0.25 per share, as cash dividends for the second half (H2) of 2022.
In the first nine months (9M) of 2022, the company turned to net losses after Zakat and tax worth SAR 5.90 million, against net profits of SAR 47.17 million in the year-ago period.
