Arabian Pipes Profits Grow by 25.5% During Q2 to SAR 57 Million

The net profit of Arabian Pipes Co. grew during the second quarter to 57 million riyals, compared to 45.4 million riyals in the same quarter of last year, marking an increase of 25.5%. This follows the announcement of the preliminary financial results for the period ending on June 30, 2024 (six months).

Total equity (after excluding non-controlling interests) amounted to SAR 344.9 million in the 6-month period, compared to SAR 158.2 million in the same period last year, a growth of 117.9%.

Earnings per share in the current period reached SAR 11.18, compared to SAR 5.69 in the same period last year.