26
Jan
00:00
Zamil Steel sales decline in Q4 despite improved efficiency
Improved efficiency in its steel fabrication segment contributed to a 12% year-on-year increase in fourth-quarter revenue at Saudi Arabian construction materials group Zamil Industrial to SAR 1.53 billion ($405.6 million). Net profit in Q4 rose 8% to SAR 64.9m, Kallanish learns.
Steel segment revenue in full-year 2014 nevertheless fell -6% to SAR 2.53bn, while net profit declined -3% to SAR 196.9m. Stronger performance in Zamil’s air conditioner indust…
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Anonymous
Very good overview of the weekly steel market.
Anonymous