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Al Jazeera Steel records 33% H1 profit boost

Omani steelmaker, Al Jazeera Steel Products Co has posted a 33% rise in net profit to OR2.792m for the six months to June 30, 2012, compared with OR2.1m for the corresponding period of 2011, Oman Daily Observer has reported. Total production also climbed 13% to 154,818 metric tonnes this year, from 136,652 MT during the first half of last year. In quantity terms, sales also rose 16% to 158,661 MT this year, from 136,601 MT during the corresponding period of last year, Al Jazeera said.