The year announces to be tough
Saudi Steel Pipe’s figures are going down. The company announced a declining Q1 2016 net profit by 29.45% y.o.y to SAR8.05m. The gross profit stood at an almost constant level as Q1 2015 (-0.44% to SAR29.11m). The operating profit has witnessed a 10.27% drop y.o.y, amounting to SAR13.1m.
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