The profits of Al-Jazeera Steel Company, which operates in the iron pipe industry, rose to 1.82 million Omani riyals (15 baisa/share) at the end of the first quarter of 2024, compared to profits of 1.49 million riyals achieved in the same period in 2023, as the following table shows:
income list | |||
Period | First Quarter 2023 | First Quarter 2024 | Change |
Revenues (million Omani Riyals) | 37.95 | 36.19 | ( 5 % ) |
Net income (million Omani Riyals) | 1.49 | 1.82 | +22 % |
Average number of shares (million) | 124.90 | 124.90 | -- |
Earnings per share (baisa/share) | 12 | 15 | +22 % |
Evolution of Al Jazeera Steel’s net income since the beginning of 2023
Period | Net income (One million riyals) | Earnings per share (baisa) |
2023 | ||
First quarter | 1.49 | 12 |
Second quarter | 0.53 | 4 |
Third quarter | 0.42 | 3 |
Fourth quarter | 1.68 | 13 |
2024 | ||
First quarter | 1.82 | 14.6 |