29
Sep
16:18
Oil, Covid-19 bite into Webco's fiscal 2020 profits
Specialty piping producer Webco saw its profits dip on-year due to low oil prices and the Covid-19 pandemic, Kallanish learns from the company’s fiscal 2020 earnings review.
In the fiscal year ended 31 July, Weboc earned $4.2 million on sales of $428.8m, down from earnings of $25.6m on sales of $548.6m in fiscal 2019.
“Covid-19 and low oil prices continue to have a fundamental impact on our business, much like the rest of the country and w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous