17
Aug
17:17
Al Yamamah Steel’s financials dip in June quarter
Al Yamamah Steel reported an 11.1% on-year decrease in revenue in the fiscal nine months through June to SAR 1.14 billion ($306.6 million). Net profit dipped 58.43% to SAR 69.72 million due to lower construction segment sales prices and higher costs compared to the same period last year, Kallanish understands.
In the April-June quarter, net profit plunged 99.15% on-year to SAR 550,000 due to a 56.71% increase in the cost of materials, which was far highe…
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