18
May
10:50
Jubail ramp-up boosts Arabian Pipes first quarter revenue
Arabian Pipes Company (APC) recorded an 83% on-year rise in revenue in the first quarter to SAR 114 million ($30.4m), while net loss narrowed 77% to SAR 2.5m. The better performance was due to ramped up production at the Jubail plant and lower shipping costs as a result of reduced exports.
The improvement came despite increased financing expenses due to higher lending rates and loans to finance contracted projects, as well as high cost of sales resulting from th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous