09
Nov
12:08
APC grows revenue, posts profit in third quarter
Riyadh-based Arabian Pipes Co. (APC) saw revenue jump 150.57% on-quarter and 89.42% on-year in the third quarter to SAR 175.4 million ($46.77m). Net profit was SAR 10m versus a loss of SAR 4.3m in Q2 and SAR 16.8m in Q3 2021.
Increased deliveries of pipe orders to clients boosted revenue, and stable production in both facilities, in Riyadh and Jubail, reduced the cost of production, says APC in a bourse filing seen by Kallanish.
However, the comp…
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Very good overview of the weekly steel market.
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