Hilal Cement Co. reported earnings results for the third quarter and nine months of 2014. The company said it widened its third-quarter net loss to KD 204,435 from KD 17,250 for the year-earlier quarter, mainly due to higher sale and administrative costs and lower sales revenue and other income. Loss per share grew to 3 fils from 0.25 fils. Operating loss totaled KD 233,790, compared to a year-earlier profit of KD 12,777. Total operating revenue climbed almost 6% on the year to KD 4.6 million.

Net loss for the first three quarters of the year came in at KD 282,090, against a net profit of KD 276,924 for the first nine months of 2013. Loss per share stood at 4 fils, compared to year-earlier earnings per share in the same amount. The company swung to a net operating loss of KD 152,774 from a net operating profit of KD 528,906. Total operating revenue for the period edged down 0.5% in annual terms to KD 15.38 million.