09
Aug
11:03
G5PS first-half revenue jumps, swings to profit
Saudi Arabian pipemaker Group Five Pipe Saudi (G5PS)’s earnings jumped in the first half of 2023 thanks to the steel pipe supply contracts signed off in H2 2022, which anticipated financial impact mainly in 2023.
In the six months through June, the firm's revenue spiked 433.4% on-year to SAR 311.5 million ($83.06m) versus SAR 58.39m in H1 2022, Kallanish notes.
According to a bourse filing, the company clocked up a net profit of SAR 9.67m versus a …
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Anonymous
Very good overview of the weekly steel market.
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