12
Aug
10:39
Zamil Industrial revenue grows, profitability falls
Saudi Arabia’s Zamil Industrial Development Company has posted a net loss of SAR 28.99 million ($7.73m) in the second quarter versus a profit a year-earlier of SAR 7.06m. Net loss in Q1 was SAR 51.9m
Contradicting the loss, the company's consolidated revenue in Q2 however increased by 12.9% on-year and 6.7% on-quarter to SAR 957.2m, Kallanish notes.
The Q2 turn to loss was driven mainly by the air conditioning (AC) and steel sectors' lowe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous