01
Mar
13:48
Saudi’s Watani Steel posts impressive earnings
Saudi Arabian long steelmaker Watani Iron Steel Company (WISC) recorded remarkable earnings in 2021.
The firm increased revenue by 35% on-year in 2021 to SAR 622.9 million ($166.1m) versus SAR 459.4m in 2020. Net profit grew by 51.4% to SAR 47m, from SAR 31m a year earlier, according to a bourse filing seen by Kallanish.
“The increase in net profit in the 12-month period is factoring to the increase in the value of sales and the decrease in financing c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous