Saudi Steel Pipe Q1 net income up 26.1 percent

17/04/2013 10:27 AST

Saudi Steel Pipe's net income for the first quarter increased to SR 23.10 million, which is 26.1 percent higher than the same period last year of SR 18.32 million.

The company said the Q1 net profit rose by 65 percent compared to the fourth quarter 2012 of SR 14 million, According to its interim financial results for Q1 2013, gross profit for the first quarter increased to SR 37.91 million which is 30.1 percent higher than the same period last year of SR 29.13 million.

Operating profit for the first quarter increased to SR 24.08 million, which is higher than the same period last year of SR 19.01 million by 26.6 percent.

Earnings per share (EPS) for the first three months of 2013 was SR 0.45, while on the same period last year it was SR 0.36.

The reason for the increase in net income for Q1 2013 compared to the same period last year was because of the increase in Saudi Aramco project deliveries and the increase in total sales for the first quarter at SR 248 million, up 20 percent compared to the same period last year of SR 206 million and increase in delivered quantity for Q1 2013 by 13 percent compared to the same period last year.

The reason for the increase in net income for Q1 2013 compared to Q4 2012 was because of the increase in sales to SR 248 million from SR179 million, up by 38 percent due to increase in Saudi Aramco project deliveries.


Arab News

News

Saudi Steel Pipe Co.'s net profit up 6.1% to $51.19m

20/02/2026

Saudi Steel Pipe Co. reported a net profit of SR192 million ($51.19 million) in 2025, representing a 6.08 percent increase compared to the previous year.

In a Tadawul statement, the company

Arab News

Saudi Steel Pipe unit inks supply contract with Subsea Seven

30/01/2026

Saudi Steel Pipe Company has announced that one of its consolidated subsidiaries, Global Pipe Company, has signed a significant supply contract with Subsea Seven (SS7), a global leader in offshore en

Trade Arabia

SSP fourth quarter net income increases to SR 14 million

16/01/2013

SAUDI STEEL PIPE COMPANY ANNOUNCES ITS INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED DECEMBER 31, 2012 (TWELVE MONTHS).

1) Net income for the fourth quarter increased to SR 14 million whi

Tadawul

Most Viewed Companies

Ticker Price Volume

Valuation

SSP Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
MAADEN 59.55 0.00 (0.00%)
SABIC 54.95 0.00 (0.00%)
SABICAGRINUTRIENTS 116.00 1.00 (0.86%)
YANSAB 30.42 -0.10 (-0.33%)
LUBEREF 94.70 0.75 (0.79%)

Recent News

Oman Oil Marketing Company reports minor damage following storage tank attack

05/03/2026

The Oman Oil Marketing Company (OOMCO) has formally announced that one of its fuel storage tanks on March 3 the subject of an incident. In a statement released on March 4, the company confirmed that

Muscat Daily

UAE telecom firm du says its network is operating normally

05/03/2026

Emirates Integrated Telecommunications Company (du) on Wednesday assured its operational readiness and confirmed its infrastructure and core systems were operating normally.

Providing a busi

Khaleej Times

UDC approves 5.5% cash dividend distribution equivalent to QAR 194.7 million

05/03/2026

The annual ordinary general assembly meeting of the United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, approved th

Gulf Times

Alba boosts Bahraini leadership pipeline through key appointments

05/03/2026

Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has announced a set of leadership appointments that underscore its long-term commitment to succession planning, leadership

Trade Arabia

AD Ports Group confirms normal operations amid regional conflict

05/03/2026

The AD Ports Group on Wednesday, March 4, confirmed that all its operations continue normally in light of current regional developments.

As a precautionary measure, the group has activated i

Khaleej Times

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap