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09 Mar
00:00

Pakistan's Huffaz sees new pipeline spurring local seamless demand

Pakistani pipemaker Huffaz Seamless Pipe Industries (HSPI) expects local demand for its products to grow through to June 2015, thanks to a new Karachi-Lahore gas pipeline project, Kallanish learns. This comes after a 153% year-on-year surge in revenue to PKR 574 million ($5.65m), which returned the firm to a net profit of PKR 19.8m in the quarter through December versus a loss of PKR 65.88m in the year-earlier quarter. The performance was also a notable impr…
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