Saudi Arabia’s Arabian Pipes Co. (APC) reported a net profit of SAR 168.18 mln (USD 44.8 mln) in 2024, reflecting a 27.3pct YoY increase, according to its stock exchange filing.
The profit growth was driven by higher sales volumes, supported by improved production efficiency and a streamlined supply chain throughout the year.
APC’s total sales rose to SAR 1.138 bln (USD 303 mln), marking a 4.5pct increase compared to the previous year. The company attributed this growth to increased sales volume and the continued acquisition of new projects, which helped sustain production levels at its factories.
APC, a manufacturer specializing in ERW pipes and LSAW pipes, boasts an annual production capacity of 160,000 tons and 300,000 tons for ERW and LSAW pipes, respectively. The ERW pipes come in sizes ranging from 6 to 20 inches, while LSAW pipes are available in sizes from 16 to 48 inches. The company operates two factories located in Riyadh and Jubail.
1 USD / 3.75 SAR
