01
Aug
10:29
Emirates Steel posts slight first-half earnings decline
Emirates Steel Arkan (ESA) posted a decline in its first-half financials.
The steel division’s H1 revenue declined 5.3% on-year to AED 3.95 billion ($1.07 billion) versus AED 4.17 billion in H1 2022, notes Kallanish.
January-June profit was down 13.5% on-year to AED 224.8 million, from last year's 259.8m. "The level of profitability delivered demonstrated the businesses resilience in the face of continuing market volatility," ESA says in a bou…
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Anonymous
Very good overview of the weekly steel market.
Anonymous