Al Jazeera Steel profits rise to 3.91 million riyals (+62%) in January - September 2024
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Economic newsOctober 15, 20241 min read

Al Jazeera Steel profits rise to 3.91 million riyals (+62%) in January - September 2024

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Al Jazeera Steel Company, operating in the iron pipes industry, increased its profits to OMR 3.91 million (31 baisa/share) by the end of the first nine months of 2024, compared to profits of OMR 2.41 million achieved in the same period in 2023, as shown in the following table:

income list

Period

September 2023

September 2024

Change

Revenues (million Omani Riyals)

106.47

108.35

+ 2%

Net income (million Omani Riyals)

2.41

3.91

+ 62%

Average number of shares (million)

124.90

124.90

--

Earnings per share (baisa/share)

19

31

+ 62%

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Al Jazeera Steel profits rise to 3.91 million riyals (+62%) in January - September 2024 - Arab Iron and Steel Union