Mubasher: Hilal Cement Company has turned to loss during the third quarter of the fiscal year 2019.

The company reported a net loss of KWD 52,300 ($172,700) in Q3-19, according to a bourse statement released on Wednesday.

In the first nine months of 2019, Hilal Cement’s profit grew by 57.5% to KWD 801,410, compared to KWD 508,860 in the year-ago period.

The Boursa Kuwait-listed company’s profit soared 178.2% year-on-year to KWD 853,670 in the first nine months of 2019.