01
Nov
09:29
Hadeed third-quarter financials grow versus last year
Saudi Iron & Steel Company (Hadeed) reported an 18% on-year growth in third-quarter revenue to SAR 3.55 billion ($946 million), Kallanish notes. Q3 Ebitda grew 32.4% to SAR 310m and the company made an income from operations of SAR 10m versus a year-earlier loss of SAR 40m.
On-quarter, however, Q3 revenue shrank 13%, while Ebitda and operating income decreased by 52% and 98%, respectively.
Average sales prices shrank 9% on-quarter, and sales v…
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Anonymous
Very good overview of the weekly steel market.
Anonymous