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Molan Steel's H1 Attributable Loss Widens; Revenue Down

MT Newswires·09/01/2026 23:25:55
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11:25 PM EDT, 09/01/2026 (MT Newswires) -- Molan Steel (SASE:9553) said Tuesday its attributable loss for the first half grew, while revenue dropped year over year. Net loss attributable to shareholders of the issuer for the six months ended June 30 was 11.1 million Saudi riyals, compared with 2.8 million riyals a year ago. Loss per share moved to 0.42 riyal from 0.11 riyal. The Saudi Arabia-listed iron products maker's revenue was 9.3 million riyals, compared with 33.2 million riyals earlier.