07
Jan
16:27
Saudi Steel Pipe bags contract
Saudi Steel Pipe (SSP) has won a contract to supply pipe worth in excess of 5% of its 2018 revenue, the firm says without providing specific figures or details of the buyer. Production for the contract is expected to take place in the last quarter of 2020 and first quarter of 2021.
SSP’s revenue in 2018 declined -7.2% on-year to SAR 646.2 million ($172.3m).
Revenue in the nine months through September 2019 rose 12% on-year to SAR 515m and net loss narrowed …
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