Jordan-based Arabian Steel Pipes Manufacturing Company reported higher net profit for the three months ended 31 March 2026, despite a decline in revenue, according to its unaudited financial statement.
Revenue fell by around 12.3pct YoY to JOD 3.15mln (USD 4.4 mln), compared with JOD 3.59mln in the same period last year, reflecting weaker sales.
However, net profit increased by about 4.6pct YoY to JOD 0.53mln (USD 747,541), supported by lower operating expenses and improved cost management.
Founded in 1989, Arabian Steel Pipes is headquartered in Sahab, Jordan, where it operates its manufacturing facilities and warehouses. The company produces black and galvanized steel pipes, poles, overhead transmission lines, communication towers, and polyethylene-coated pipes, and also provides galvanizing services.
1 USD / 0.7 JOD