16
Jan
10:39
Saudi re-roller performance bounces back in 2019
United Wire Factories Co. (Aslak) reported a 35% on-year surge in revenue in 2019 to SAR 724.4 million ($193.2m) thanks to increased sales volumes. These also helped net profit rise 22.1% to SAR 211.3m.
Profit was also boosted by a decline in selling and distribution expenses relative to sales, as well as lower general and administrative expenses.
The performance is an improvement on 2018 when the firm reported a -7.2% on-year drop in revenue. This was …
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Anonymous
Very good overview of the weekly steel market.
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