Watani Iron Steel Co. announces its preliminary financial results for June 30, 2024, showcasing a significant positive performance compared to last year. Key Financial Results: - Sales/Revenue: Reached SAR 273,997,878, a 71.48% increase compared to the previous year. - Net Profit: The company reported a net profit of SAR 3,410,348, a 176.59% increase from the previous year. - Total Equity (excluding non-controlling interests): Rose to SAR 245,849,738, up 2.95%. - Earnings Per Share: SAR 0.02. Performance Details: - Increased Sales/Revenue: Mainly due to a rise in sales volume and higher selling prices for the final product. - Increased Net Profit: This results from higher sales value and volume despite increased sales costs and other income.