07
Mar
11:57
Arabian Pipes posts record-high earnings in 2023
Riyadh-based Arabian Pipes Co (APC) was able to boost its financials in 2023 as a result of new project wins and project deliveries throughout the year, Kallanish understands.
The pipe manufacturer increased its revenue by 124.8% to SAR 1.07 billion ($286.9 million) in 2023, up from SAR 479.1m in the previous year. It posted gross profit of SAR 224.9m, up 648.8% on-year, while net profit was SAR 132.1m, compared with a loss of SAR 10.5m in 2022.
Ongoing project a…
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