22
Feb
15:15
Hadeed revenue falls, but loss narrows in 2017
Saudi Iron and Steel Company (Hadeed) reported a -7% on-year decline in revenue in the fourth quarter of 2017 to SAR 2.26 billion ($602.67 million), while net loss widened 79% to SAR 699.07m. This undid the financial recovery witnessed in Q3.
In full-year 2017 Hadeed’s revenue fell -4% on-year to SAR 8.69 billion, Kallanish learns from parent company Sabic. Net loss narrowed -7% to SAR 1.38 billion; however, after the nine months through September it had n…
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