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Emirates Steel Arkan reports strong financial performance in H1 2024

Emirates Steel Arkan has announced impressive financial results for the first half of 2024, reflecting robust growth and operational excellence.

Emirates Steel Arkan reports strong financial performance in H1 2024

Emirates Steel Arkan has announced impressive financial results for the first half of 2024, reflecting robust growth and operational excellence. The company reported total revenues of AED 3.96 billion, showcasing its strong market presence and demand for its products. Additionally, the company’s EBITDA reached AED 503 million, highlighting efficient cost management and profitability. Net profit before tax stood at AED 191 million, further underscoring the company’s financial health.

In recognition of its commitment to sustainability and excellence, Emirates Steel Arkan received several prestigious awards. The company was named a “Steel Sustainability Champion” and received the “Sustainable Manufacturing Awards - Excellence Award 2024.” Furthermore, it was acknowledged as a “Top Decarbonizing World Steel Producer” by the World Economic Forum.

These achievements not only demonstrate Emirates Steel Arkan’s financial strength but also its dedication to sustainable practices and industry leadership. The company’s continued focus on innovation and sustainability positions it well for future growth and success in the global steel market.

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