”Al Jazeera Steel” company profits, which works in the manufacture of iron pipes, declined to 2.03 million Omani riyals (16 baisas / share) at the end of the first half of 2023, compared to profits of 2.82 million riyals achieved in the same period in 2022.
Income List
Period | First Half 2022 | First Half 2023 | Changes |
Revenue (million OMR) | 82.47 | 71.51 | -13% |
Net Income (OMR Million) | 2.82 | 2.03 | -28% |
The average shares number (million) | 124.9 | 124.9 | — |
Earnings per share (Baisas) | 23 | 16 | -28% |
The net income evolution of “Al Jazeera Steel” since the beginning of 2022
Period | Net Income | Stock return |
(million riyals) | Baisas | |
2022 | ||
First Quarter | 1.71 | 14 |
Second Quarter | 1.11 | 9 |
Third Quarter | -0.64 | -5 |
Fourth Quarter | 0.96 | 8 |
2023 | ||
First Quarter | 1.49 | 12 |
Second Quarter | 0.36 | 3 |