Al Jazeera Steel Products Co SAOG 2018 Annual Report
The report highlights Al Jazeera Steel Products Co. SAOG's operational and financial performance for the fiscal year 2018. Despite a challenging second half of the year marked by trade tensions and a slowdown in the GCC construction market, the company achieved a 4% increase in sales volume, reaching 414,541 MT. Financially, sales value increased by 20% to OMR 116.1 million, though net profit decreased by 41% to OMR 2.78 million due to compressed margins and rising interest costs. The company also commissioned its first coil processing line and operationalized its Dubai stockyard to diversify its portfolio. Additionally, the company maintained a 40% Omanisation rate and actively supported local community initiatives through its corporate social responsibility programs.
Company: Al Jazeera Steel Products Co SAOG
Sector: Manufacturing
Country: Oman
Year: 2018
Type: Annual Report
Pages: 65
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Al Jazeera Steel Products Co SAOG
Annual Report
The report highlights Al Jazeera Steel Products Co. SAOG's operational and financial performance for the fiscal year 2018. Despite a challenging second half of the year marked by trade tensions and a slowdown in the GCC construction market, the company achieved a 4% increase in sales volume, reaching 414,541 MT. Financially, sales value increased by 20% to OMR 116.1 million, though net profit decreased by 41% to OMR 2.78 million due to compressed margins and rising interest costs. The company also commissioned its first coil processing line and operationalized its Dubai stockyard to diversify its portfolio. Additionally, the company maintained a 40% Omanisation rate and actively supported local community initiatives through its corporate social responsibility programs.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report
Language
English
Pages
File Size
Standards & Assurance
No data available
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees