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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 | Change |
|---|---|---|
| SABIC | 65.60 | -0.10 (-0.16 |
| MAADEN | 49.30 | 0.60 (1.23 |
| SABICAGRINUTRIENTS | 113.80 | 0.20 (0.17 |
| MARBLEDESIGN | 83.50 | 0.00 (0.00 |
| LIMEINDUSTRIES | 12.18 | 0.38 (3.22 |
23/02/2025
Acwa Power Company has announced the signing of a power purchase agreement worth SAR13.4 billion ($3.5 billion) with Saudi Power Procurement Company (SPPC) for large-scale combined cycle gas turbine
Trade Arabia
23/02/2025
Vodafone Qatar has announced its participation in the upcoming Web Summit 2025, one of the world's premier technology conferences. The event will be held from February 23-26, 2025, at the DECC in Doh
The Peninsula
23/02/2025
QNB Group has been presented with an award by Mastercard for having the fastest growing commercial credit card portfolio in Qatar.
This accolade highlights QNB's prominent position in the fi
The Peninsula
23/02/2025
Doha Bank proudly announces its sponsorship as a Platinum Level Partner of the highly anticipated Web Summit Qatar 2025, set to take place from 23rd to 26thFebruary at the Doha Exhibition and Convent
The Peninsula
23/02/2025
Gulf Warehousing Company (GWC) - one of the leading logistics providers in the MENA region, has been honoured with the prestigious 'Logistics Project of the Year' award for its Al Wukair Logistics Pa
The Peninsula
Financial Information Co.
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