28
Feb
12:57
Hadeed posts earnings growth in 2022
Saudi Iron & Steel Company (Hadeed) reported 7.1% on-year growth in fourth-quarter revenue to SAR 3.45 billion ($919 million).
In January-December 2022, revenue surged 20% on-year to SAR 15.39 billion, Ebitda registered 14% growth to SAR 1.84 billion and the company made an income from operations of SAR 640m versus SAR 480m in 2021, Kallanish notes.
Q4 Ebitda diminished 33% on-year to SAR 230m and the company made a loss from operati…
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Very good overview of the weekly steel market.
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