11
Nov
06:04
Lower demand, project completions hamper Arabian Pipes performance
Riyadh-based Arabian Pipes Company (APC) saw revenue dip 25.3% on-quarter and 42.8% on-year in the third quarter to SAR 92.6 million ($24.7m), as sales decreased and most on-hand projects were completed. Net loss widened by 28% on-quarter and 380% on-year to SAR 16.8m.
However, the firm managed to increase revenue in the first nine months of 2021 by 26.3% on-year to SAR 346m. Also, it managed to narrow net loss by 26% to SAR 28.9m. The losses resulted fr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous