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Hilal Cement sees negative turn in FY14

Hilal Cement sees negative turn in FY14
Photo Credit: Arabianeye-Reuters
HCC
HCC
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Hilal Cement Company (HCC) announced its financial results for the year 2014, posting losses of approximately KWD 374,030 (about $1.26 million) in 2014 against earnings worth about KWD 518,540 ($1.75 million) in 2013.

 

Additionally, HCC recorded losses worth KWD 92 thousand in Q4-2014 against earnings worth KWD 241.6 thousand in Q4-2013.

 

The Board of Directors recommended a bonus share of 10% (10 shares per each 100 shares).