03
May
14:38
Jazeera registers positive quarter amid 'new economic realities'
Jazeera reported a 1% on-year decline in consolidated sales to 97,802 tonnes and flat production at 101,472t in the first quarter. Gulf Cooperation Council manufacturing industries recovered further versus Q4 2020 as activity adjusted to Covid-19 protocols and vaccination programmes were launched.
Revenue surged 25% to OMR 30.18 million ($78.5m) and net profit ballooned 424% to OMR 1.99m. Despite unchanged sales, earnings soared as the firm maximised margins due t…
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Anonymous
Very good overview of the weekly steel market.
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