31
Oct
12:31
Oman’s Al Jazeera increases revenue despite reduced demand
Oman-based re-roller Al Jazeera Steel (AJS) reported a 10% on-year revenue increase in the first nine months of the year to OMR 116.01 million ($301.3m), from last year's OMR 105.57m. However, net profit declined 68% to OMR 2.17m.
The company registered a 5% on-year decline in nine-month consolidated sales to 280,456 tonnes, while production decreased by 11% to 268,929t from 301,314t recorded in the same period last year, according to a bou…
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Anonymous
Very good overview of the weekly steel market.
Anonymous