26
Apr
13:42
Demand rebound boosts Saudi re-roller's first-quarter sales
United Wire Factories Co. (Aslak) reported a 33% on-year increase in revenue in the first quarter to SAR 192.8 million ($51.4m), while net profit grew 31% to SAR 10.1m.
The improved results were thanks to stronger demand and lower administration and general expenses, the Saudi re-roller says.
In full-year 2018 the firm reported a -7.2% on-year drop in revenue to SAR 535m due to a continued decline in demand for construction materials and lower margins ca…
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Very good overview of the weekly steel market.
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