Jordan’s Arabian Steel Pipes Manufacturing reported a 9.9pct YoY increase in net profit for the first quarter of 2025, according to its latest financial statement.
The company recorded a net profit of JOD 510,673 (USD 720,274) in Q1 2025, up from JOD 464,845 in the same period last year. Revenue also saw a healthy rise, increasing 11pct YoY to reach JOD 3.6 mln (USD 5 mln), the company disclosed in a 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