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News Hail Cement’s sales decline in first nine months of 2023

Hail Cement’s sales decline in first nine months of 2023

Written by Global Cement staff 08 November 2023
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Saudi Arabia: Hail Cement recorded sales worth US$46.2m in the first nine months of 2023, down by 35% year-on-year from US$71.5m in the first nine months of 2022. Nonetheless, the producer’s net profit more than tripled to US$5.7m from US$1.57m. During the third quarter of the year, the company’s sales dropped by 50% year-on-year to US$13.7m, and it reported a loss, against a profit of US$1.59m in the third quarter of 2022.

Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Hail Cement
  • Results
  • GCW633
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