23
Jul
01:00
Lower steel margins drag down Zamil's Q2 profit
Zamil Industrial Investment Co. reported a 2% on-year increase in net profit in the second quarter to SAR 74.36 million ($19.8m). Operational profit declined 4% to SAR 97.25m however due to reduced steel margins, Kallanish learns. The steel segment thus offset better performance in the air conditioning and insulation segments.
In the first half of 2015 Zamil’s steel segment recorded a -1% reduction in revenue to SAR 1.28 billion, while operational prof…
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Anonymous
Very good overview of the weekly steel market.
Anonymous