23
Dec
13:03
Construction segment lifts Yamamah Steel profit
Al Yamamah Steel reported a 13.3% on-year decline in revenue in the fiscal year through September 2021 to SAR 1.62 billion ($431.7 million); however, net profit jumped 212% to SAR 244.5 m. Cost of sales was 24.7% lower this year against the same period in 2020, the Saudi re-roller says in a stock exchange filing.
The main reason for the increase in net profit during the current year is due to the increase in selling prices of products in the construction and elect…
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Anonymous
Very good overview of the weekly steel market.
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