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Saudi Steel Pipe Co. 2021 Annual Results

Revenue

SAR 346M

Net Profit

SAR 932K

Saudi Steel Pipe Co. (1320) reported full year 2021 revenue of SAR 346M, down 28.5% from SAR 484M in 2020. Net profit came in at SAR 932K, up 102.7% year on year. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2021	2020
Revenue	SAR 346M	SAR 484M
Net Profit	SAR 932K	SAR -34M
Gross Profit	SAR 27M	SAR 25M
Net Margin	0.3%	-7.1%
ROE	0.2%	-7.0%
Total Assets	SAR 972M	SAR 1.11B
Total Equity	SAR 495M	SAR 493M

Year on Year Comparison

Revenue decreased by 28.5% compared to 2020. Net profit increased by 102.7%. Revenue declined but profit grew — indicating improved efficiency or cost control.

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Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2022-03-07.