02
Nov
13:40
Agha Steel reports sales surge after completing IPO
Agha Steel Industries (ASIL) has posted its first-ever earnings report following the completion of its initial public offering on the Pakistan Stock Exchange. The firm reported a 53% on-year surge in first-fiscal-quarter-through-September revenue to PKR 5.89 billion ($36.8 million), while net profit rose 60% to PKR 509.4m.
The Pakistani long steelmaker’s IPO last month was oversubscribed by 1.5 times after it received a total bid volume of 135,973,717 agains…
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Anonymous
Very good overview of the weekly steel market.
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