Watani Iron Steel Posts H1 Net Profit, Revenue Surge

09:23 AM EDT, 08/03/2026 (MT Newswires) -- Watani Iron Steel Co. (SASE:9513) said Monday that its net profit and revenue in the first half rose year over year. Net profit for the six months ended June 30 was 25.8 million Saudi riyals, compared with 1.1 million riyals a year ago. EPS moved to 0.14 riyal from 0.01 riyal. The Saudi Arabia-listed steel manufacturer's revenue was 280.2 million riyals, compared with 214.5 million riyals earlier.