Data News > Al Yamamah Steel Industries Company Bounces Back with SAR 60M Profit in H1-23/24

Al Yamamah Steel Industries Company Bounces Back with SAR 60M Profit in H1-23/24

By KlickAnalytics Data Insights  |   May 16, 2024 10:00AM ET

- Al Yamamah Steel Industries Company reports SAR 60.09 million profit in the first half of fiscal year 2023/2024.
- Revenues surged by 32.84% to SAR 1.12 billion in H1-23/24.
- Earnings per share reached SAR 1.18 compared to a loss per share in the same period last year.

In the second quarter of FY23/24, the company saw a turnaround to net profits of SAR 30.54 million, marking a significant improvement from the previous year. Revenues also increased by 28.39% year-on-year to SAR 496.944 million in Q2-23/24. Despite a drop in revenues compared to the previous quarter, the company's net profits showed growth on a quarterly basis.
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