Riyadh – Mubasher: Tabuk Cement Co. has turned to profits during the first quarter of 2019, recording SAR 3.63 million net profit.

The company ascribed the registered profit to the increase in revenue and investment returns, according to a bourse statement released on Wednesday.

Tabuk Cement reported a 316.4% year-on-year hike in net loss after Zakat and taxes during the full year 2018, recording SAR 98.94 million ($26.38 million).

The Tadawul-listed company’s revenue went down 10.3% to SAR 149.44 million last year, compared to SAR 166.61 million a year earlier.