23
Mar
17:50
APC boosts sales, turns to profit
Arabian Pipes Company (APC) saw revenue increase 6% on-year in 2019 to SAR 741.1 million ($197.6m), helping the Saudi firm turn to a net profit of SAR 28.7m versus a year-earlier loss of SAR 122.7m.
Performance was boosted by the completion of late projects, and the company’s policy of “… stabilising international steel prices” and expanding its supplier base, APC says. Adjustments to the finishing line also allowed it to meet Saudi Aramco…
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Anonymous
Very good overview of the weekly steel market.
Anonymous