Riyadh – Mubasher: The net profits of Hail Cement Company (HCC) surged by 81.99% on a yearly basis during 2020, standing at SAR 107.5 million.

The jump in 2020’s net earnings was helped by a rise in revenue and a drop in some expenses, according to a bourse disclosure on Monday.

Revenue of the Tadawul-listed company reached SAR 336.3 million last year, a growth of 22.6% when compared to SAR 274.4 million in 2019.