02
Feb
11:40
Saudi East Pipes earnings jump on increased shipments
Saudi Arabia-based East Pipes Integrated Company (EPIC) saw revenue jump 146.78% on-year in the first nine months of the fiscal year through March 2023 to SAR 996.35 million ($365.7m). The company registered a net profit of SAR 62.98m versus a net loss of SAR 17.56m in the previous-year period, Kallanish notes.
The improved earnings are attributed to contracts signed in the 2023 fiscal year, which increased sales volumes. Also, average rea…
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Anonymous
Very good overview of the weekly steel market.
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