16
Jan
15:03
Oman’s Al Jazeera elevates profit despite revenue decline
Oman-based re-roller Al Jazeera Steel (AJS) posted a 3% on-year decline in consolidated revenue to OMR 144.94 million ($376.5m) in 2023, Kallanish notes.
However, given the company's total expenses fell 4% to OMR 140.8m in 2023, AJS posted a 31% on-year increase in net profit to OMR 4.12m, from OMR 3.14m in 2022, according to unaudited financial results filed on the Muscat Stock Exchange.
The company is expected to release its audited first-quarter results in…
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Anonymous
Very good overview of the weekly steel market.
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