18
May
10:48
Lower volumes, sales prices impact Al Yamamah earnings
Al Yamamah Steel reported a 13.6% on-year and 16.2% on-quarter decline in revenue in its second fiscal quarter through March to SAR 387 million ($103.2m). It registered a net loss of SAR 17.89m versus a net profit of SAR 35.16m in the same period last year, Kallanish notes.
January-March was an unfavourable quarter, and net loss was due to average selling prices decreasing by 24% on-year in the construction sector. Volumes falling by 11.24% meanwhil…
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Anonymous
Very good overview of the weekly steel market.
Anonymous