Yamamah Steel Industries Company signed a contract with the National Contracting Company Limited to establish a high-voltage line for 95 million riyals.
“Yamamah”, listed on “TASI”, said in a statement on “Tadawul” today: The contract is concerned with supplying steel towers for the purpose of establishing a 380 kV high-voltage line in the central region for one year, indicating that the financial impact of the contract will appear in the third quarter of 2025.
The company had recorded a net profit of 6.5 million riyals during the third quarter of this year, compared to a net loss of 47.5 million riyals during the same quarter of the previous year, due to the decrease in the cost of sales in the construction and electricity sectors, in addition to the increase in the quantity and value of sales in the construction and renewable energy sectors.
