Jordan’s Arabian Steel Pipes Manufacturing reported a 22.6pct YoY increase in profit for 2024, according to its annual financial statement.
The company recorded a profit of JOD 1.53 mln (USD 2.16 mln), up from JOD 1.25 mln in the previous year. Revenue rose by 1.55pct YoY to JOD 13.36 mln (USD 18.8 mln), according to its stock exchange filing.
Founded in 1989, Arabian Steel Pipes is headquartered in Sahab, Jordan, where it operates its factories and warehouses. The company manufactures black and galvanized pipes, poles, overhead lines, communication towers, and polyethylene-coated pipes. It also provides galvanizing services.
1 USD / 0.7 JOD
