29
Apr
10:33
Saudi SSPC posts surging on-year first-quarter sales, profit
Saudi Steel Pipe Company (SSPC), a subsidiary of Tenaris, has demonstrated significant growth in first-quarter revenue. The company reported SAR 515 million ($137.3m), marking a substantial increase of 208.4% compared to the same period last year, notes Kallanish.
Gross profit in January-March inched up 3.9% on-quarter and jumped 345.8% on-year to SAR 107m. SSPC clocked up net profit of SAR 76m in Q1, down 11.6% on-quarter despite skyrocketing 1,166.6% …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous