{"id":83752,"date":"2024-02-26T00:00:00","date_gmt":"2024-02-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/26\/the-latest-results-from-hail-cement-saudi-steel-pipe\/"},"modified":"2024-02-26T00:00:00","modified_gmt":"2024-02-26T00:00:00","slug":"the-latest-results-from-hail-cement-saudi-steel-pipe","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/26\/the-latest-results-from-hail-cement-saudi-steel-pipe\/","title":{"rendered":"The latest results from Hail Cement, Saudi Steel Pipe"},"content":{"rendered":"

#1- Hail Cement\u2019s net income rose 50% y-o-y to SAR 24.6 mn in 2023<\/strong> on the back of healthy returns from financial investments and murabaha deposits, it said in a disclosure to Tadawul<\/a>. Revenues fell 37.3% y-o-y to SAR 229 mn over the same period. <\/p>\n

The company\u2019s <\/strong>BoD has recommended a dividend payout<\/strong> of SAR 33.7 mn at SAR 0.35 a share for 4Q 2023, it said in a separate disclosure<\/a>.<\/p>\n

#2-<\/strong>Saudi Steel Pipe\u2019s net income rose 4x y-o-y to SAR 217 mn in 2023<\/strong>, which was down to product diversification and volume increase as well as positive results from its acquisition of Global Pipes Company despite its SAR 35 mn finance fee, it said in a disclosure to Tadawu<\/a> l. Revenues were up 78.5% y-o-y to SAR 1.3 bn over the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"

SSP\u2019s net income quadrupled y-o-y to SAR 217 mn<\/p>\n","protected":false},"author":1,"featured_media":83753,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[2657,285,10,1228,392,1050],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-cement","tag-earnings-watch","tag-enterpriseam-ksa","tag-hail-cement","tag-manufacturing","tag-saudi-steel-pipes","wpautop","entry"],"acf":{"mongo_id":"50de44ee-3403-42c8-98f1-8d12b776a7a8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2367.jpg","photo_position":"above","homepage_title":"","full_issue_title":"The latest results from Hail Cement, Saudi Pipe","related_issue":[83736],"teaser":"SSP\u2019s net income quadrupled y-o-y to SAR 217 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.0125b781-76b9-4376-89ea-c9813ee68976.mp3"},"yoast_head":"\nThe latest results from Hail Cement, Saudi Steel Pipe - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/26\/the-latest-results-from-hail-cement-saudi-steel-pipe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The latest results from Hail Cement, Saudi Steel Pipe\" \/>\n<meta property=\"og:description\" content=\"SSP\u2019s net income quadrupled y-o-y to SAR 217 mn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/26\/the-latest-results-from-hail-cement-saudi-steel-pipe\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-26T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2367.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/26\/the-latest-results-from-hail-cement-saudi-steel-pipe\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/26\/the-latest-results-from-hail-cement-saudi-steel-pipe\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The latest results from Hail Cement, Saudi Steel Pipe\",\"datePublished\":\"2024-02-26T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/26\/the-latest-results-from-hail-cement-saudi-steel-pipe\/\"},\"wordCount\":134,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/26\/the-latest-results-from-hail-cement-saudi-steel-pipe\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2367.jpg?fit=%2C&ssl=1\",\"keywords\":[\"cement\",\"EARNINGS WATCH\",\"EnterpriseAM KSA\",\"Hail Cement\",\"manufacturing\",\"Saudi Steel Pipes\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/26\/the-latest-results-from-hail-cement-saudi-steel-pipe\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/26\/the-latest-results-from-hail-cement-saudi-steel-pipe\/\",\"name\":\"The latest results from Hail Cement, Saudi Steel Pipe - 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