25
Feb
10:30
Lower sales prices erode Saudi re-roller's 2015 profit
Higher selling and distribution expenses dragged down Saudi re-roller United Wire Factories Co.’s net profit by -6.2% on-year to SAR 12.1 million ($3.23m) in the fourth quarter of 2015. This was also down -43% on Q3, Kallanish learns from the firm.
In full-year 2015 net profit declined -20% versus 2014 to SAR 72.2m, with gross margin down -6% to SAR 120.3m. This was attributed to lower revenue, as sales prices decreased, and happened despite an increase in…
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