The Clap
Al Wasail’s (9525) net profits jumped by 13%, to SAR 16.2 million.
The Deets
The company recorded an EPS of SAR 0.65, compared to SAR 0.57 during H1 2021.
The company justified the increase in its net profit due to the increase in its revenues, stemming from the growth in its sales of pipes, parts, and fittings.
Al Wasail
The company produces medium and high-density polyethylene pipes in addition to most networks’ parts and accessories that are needed to meet the client’s requirements for irrigation, water, gas, communications, and drainage projects.
Related News
Al Wasail’s board of directors approved the transfer of all the machinery and equipment of the Ras Al Khaimah factory, to the city of Buraidah in KSA.
Al Wasail profits jump in H1 2022 💰
