09
Aug
08:46
Hadeed revenue declines, profitability grows in second quarter
Saudi petrochemicals giant Sabic's wholly owned subsidiary, Saudi Iron & Steel Company (Hadeed), the largest steelmaker in Saudi Arabia, reported a 6% on-quarter decline in second-quarter revenue to SAR 4.08 billion ($1.08 billion). However, Ebitda in Q2 grew 38% on-quarter to SAR 660 million and income from operations by 94% to SAR 360m.
The Ebitda improvement was supported by higher sales prices and offset by lower sales volumes …
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Anonymous
Very good overview of the weekly steel market.
Anonymous