03
Nov
09:09
Saudi's APC posts robust nine-month financials
Riyadh-based Arabian Pipes Co. (APC) boosted its financials in the third quarter and the first nine months of the year due to domestic pipe supply contracts sealed since mid-2022.
The company saw revenue increase 5.3% on-quarter and 59.1% on-year in the third quarter to SAR 279.1 million ($74.4m). It registered a profit of SAR 44.8m versus a net profit of SAR 33.2m in Q2 and SAR 9.9m in Q3 2022. Continuous and stable production enabled the company …
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