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Al Jazeera Steel’s profits increased by 11% during January – September 2023

The profits of Al-Jazeera Steel Company, which operates in the iron pipe industry, rose to 2.41 million Omani riyals (19 baisa/share) by the end of the first nine months of 2023, compared to profits of 2.18 million riyals achieved in the same period in 2022, as the following table shows:

Income List

Period September 2022 September 2023 Changes
Revenue (million Omani Riyals) 116.02 106.47 ( 8 % )
Net income (million Omani Riyals) 2.18 2.41 + 11 %
Average number of shares (million) 124.90 124.90
Earnings per share (baisa/share) 17 19 + 11 %
The development of Al-Jazeera Steel’s net income since the beginning of 2022
Period Net income (million riyals) Earnings per share (baisa)
2022
First quarter 1.71 14
Second quarter 1.11 9
اThird quarter ( 0.65 ) ( 5 )
Fourth Quarter 0.97 8
2023
First Quarter 1.49 12
Second Quarter 0.53 4
Third quarter 0.39 3

 

 

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