05
Nov
14:25
Sales growth helps turn Arabian Pipes to profit
Arabian Pipes Company (APC) saw revenue increase 13% on-year in the third quarter to SAR 210.4 million ($56.1m), helping the firm turn to a net profit of SAR 9.2m versus a loss a year earlier of SAR 16.8m.
Margins also improved in the quarter thanks to APC’s better management of input material procurement before starting projects, the Saudi pipemaker says in a note seen by Kallanish. Stable production at both the Jubail and Riyadh mills contributed to incr…
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