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17/04/2013 10:27 AST
Saudi Steel Pipe's net income for the first quarter increased to SR 23.10 million, which is 26.1 percent higher than the same period last year of SR 18.32 million.
The company said the Q1 net profit rose by 65 percent compared to the fourth quarter 2012 of SR 14 million, According to its interim financial results for Q1 2013, gross profit for the first quarter increased to SR 37.91 million which is 30.1 percent higher than the same period last year of SR 29.13 million.
Operating profit for the first quarter increased to SR 24.08 million, which is higher than the same period last year of SR 19.01 million by 26.6 percent.
Earnings per share (EPS) for the first three months of 2013 was SR 0.45, while on the same period last year it was SR 0.36.
The reason for the increase in net income for Q1 2013 compared to the same period last year was because of the increase in Saudi Aramco project deliveries and the increase in total sales for the first quarter at SR 248 million, up 20 percent compared to the same period last year of SR 206 million and increase in delivered quantity for Q1 2013 by 13 percent compared to the same period last year.
The reason for the increase in net income for Q1 2013 compared to Q4 2012 was because of the increase in sales to SR 248 million from SR179 million, up by 38 percent due to increase in Saudi Aramco project deliveries.
Arab News
16/01/2013
SAUDI STEEL PIPE COMPANY ANNOUNCES ITS INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED DECEMBER 31, 2012 (TWELVE MONTHS).
1) Net income for the fourth quarter increased to SR 14 million whi
Tadawul
25/08/2012
Saudi Steel Pipes (SSP) announced on Saturday, August 25th 2012, winning four contracts to supply welded steel pipes to Saudi Aramco, at a total value of more than SR 215.8 million.
SSP is
Gulfbase.com
21/07/2012
Saudi Steel Pipe net income for the second quarter decreased to SR12.38 million, lower than the same period last year of SR21.34 million and decreased again compared to Q1 2012 of SR18.32 million. <
Saudi Gazette
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 59.55 | 0.00 (0.00 |
| SABIC | 54.95 | 0.00 (0.00 |
| SABICAGRINUTRIENTS | 116.00 | 1.00 (0.86 |
| YANSAB | 30.42 | -0.10 (-0.33 |
| LUBEREF | 94.70 | 0.75 (0.79 |
17/12/2025
Gulf Bank announced the graduation of the first cohort of its Risk Management Academy, launched in collaboration with Gulf University for Science and Technology (GUST), marking a step that reflects t
Kuwait Times
17/12/2025
Commercial Bank of Kuwait announces its presence at The Avenues mall - Phase 2 - during the weekend, from Thursday, December 18 until Saturday, December 20, 2025. The bank invites young customers and
Kuwait Times
17/12/2025
Fitch Ratings has upgraded OQ Group's long-term issuer default rating (IDR) to 'BBB-' from 'BB+', with a stable outlook. The upgrade follows a similar action on Oman's sovereign rating on December 8,
Muscat Daily
17/12/2025
Mosanada Facilities Management Services Q.P.S.C. ("Mosanada" or the "Company"), announces the completion of its Direct Listing on the Qatar Stock Exchange ("QSE") Main Market on December 15, 2025. On
The Peninsula
16/12/2025
National Investments Company (NIC) announced the completion of the private placement and the successful listing procedures of Action Energy Company on the Premier Market of Boursa Kuwait, following t
Kuwait Times
Financial Information Co.
Saudi Arabia