Riyadh – Mubasher: Saudi Steel Pipes Company trimmed its losses by 41.5% year-on-year to SAR 14.12 million during the third quarter of 2019.
Revenues of the Saudi firm increased by 24.7% to SAR 157.8 million in Q3-19, compared to SAR 126.48 million in Q3-18, according to the firm’s statement to the Saudi Stock Exchange (Tadawul) on Thursday.
For the first nine months of 2019, net losses plunged by 63.7% to SAR 23.96 million, versus SAR 66.01 million in the same period last year.
The company generated SAR 514.96 million in nine months, 11.9% higher than SAR 459.91 million in the same period a year ago.
Loss per share registered SAR 0.47 by the end of September.
