10
May
12:51
Emirates Steel increases first-quarter revenue, profit jumps
Emirates Steel Arkan (ESA), a wholly owned subsidiary of Arkan Building Materials, recorded a robust increase in profitability in the first quarter, notes Kallanish.
On a standalone basis, the steel segment (ESA) reported in Q1 a 125% on-year jump in profit to AED 137.5 million ($37.4m), from AED 61.1m in Q1 2022, the parent company says in a bourse filing without providing sales volumes.
ESA increased revenue by 18% to AED 2.14 billion in Q1.…
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Anonymous
Very good overview of the weekly steel market.
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