21 Hrs
Source:
مباشر
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Saudi Pipes earns SAR 27m
Saudi Steel Pipe Company (“Saudi Pipes”) posted a net profit of SAR 27 million in the third quarter of 2026, up 3.85% year on year, while revenue rose 9.1% to SAR 263 million. The company attributed the profit growth to an improved sales mix, higher sales and lower financing costs, despite a decline in other income and increases in zakat and income tax. In the first nine months of the year, net profit fell 25.9% to SAR 109 million, while free cash flow rose to SAR 286 million and the company moved to a net cash position of SAR 214 million.
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