13
Oct
20:54
Al Jazeera revenue decline slows, profit surges
Al Jazeera Steel reported a -10% on-year decline in revenue in the nine months through September to OMR 50.48 million ($131.12m), but net profit surged 96% to OMR 3.07m.
Despite the nine-month fall, the rate of year-to-date revenue decline has slowed after each quarter of 2016: -32% in Q1 and -16% in the first half of the year. This suggests a gradual improvement in sales prices throughout the year. Jazeera will release its full nine-month results later this mon…
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Anonymous
Very good overview of the weekly steel market.
Anonymous