17
Aug
16:23
Arabian Pipes sinks to loss despite sales growth
Arabian Pipes Company (APC) saw sales surge 37% on-year in the second quarter to SAR 165.7 million ($44.2m). However, the firm sank to a net loss of SAR 7.96m versus a year-earlier profit of SAR 3.12m due to increased raw materials prices and project delivery delays, which affected Jubail plant productivity.
In the first half of 2018 sales rose 23.3% on-year to SAR 287.7m. The firm sunk to a net loss of SAR 16.81m versus a SAR 0.6m profit however due to a h…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous