25
Feb
13:35
SSP earnings plummet in 2020 despite second-half improvement
Saudi Steel Pipe (SSP)’s revenue fell 25% on-year in 2020 to SAR 508.5 million ($135.5m) and net loss deepened 29% to SAR 34.5m. Ebitda however recovered considerably in the second half of the year after the firm ramped up operations following the second-quarter lockdown-induced disruptions.
Ebitda in 2020 rose 47% on-year to SAR 14.33m, reflecting an improvement in spite of the Covid-19 impact and oil prices collapsing during 2020. Ebitda in H2 was SAR 37.6…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous