Saudi Ceramic Co.’s board of directors has approved revaluation of the useful life of its plants’ machinery and equipment, the company said in a bourse statement.
The decision was based on a study performed by a consultancy office.
The company expected this process to have a positive impact on the financial results of 2019 related to fixed assets depreciation expenses.
This accounting event won’t have any impact on cash flows, the statement added.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}