The profits of Al-Jazeera Steel Company, which operates in the iron pipe industry, rose to 4.13 million Omani riyals (33 baisa/share) by the end of 2023. This is compared to profits of 3.14 million riyals achieved in the same period in 2022, as the following table shows:
Income List
Period | 2022 | 2023 | Changes |
Revenue (million Omani Riyals) | 149.27 | 144.94 | ( 3 % ) |
Net income (million Omani Riyals) | 3.14 | 4.13 | + 32 % |
Average number of shares (million) | 124.90 | 124.90 | — |
Earnings per share (baisa/share) | 25 | 33 | + 32 % |
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 |
Fourth Quarter | 1.69 | 14 |