21
Apr
12:03
Jazeera Steel Q1 profit surges despite revenue decline
Al Jazeera Steel posted a -32% on-year decline in revenue to OMR 14.58 million ($37.9m) in the first quarter, but net profit surged 50% to OMR 830,983 thanks partly to a -34% decline in expenses, Kallanish learns from the Omani re-roller. Full Q1 results will be published later this month.
Jazeera said in February it sees low oil prices impacting Middle Eastern steel demand, and is exploring new business opportunities in Iran, Iraq and Africa to offset…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous