09
May
16:27
Hadeed revenue rises 14% in first quarter
Saudi Iron and Steel Company (Hadeed) saw revenue rise 14% on-year in the first quarter to SAR 2.06 billion ($549.3 million), while net loss attributable to equity holders narrowed 96% to SAR 34.65m, Kallanish learns from parent company Sabic.
This represents a marked improvement on full-year 2016 when Hadeed’s revenue dropped -16% on-year to SAR 9.01 billion, while net loss narrowed 11% to SAR 1.3 billion. Sabic said in its recently-published annual …
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Very good overview of the weekly steel market.
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