The company "Amsteel Building Materials" recorded a net profit of 91.62 million Dirhams for the first nine months of the current year. This is 76% less than 387.6 million dirhams for the comparable period of the previous year.
The reported decline in profit has been attributed to the complex economic situation in the country, caused by various factors such as inflation and changes in the global economy. At the same time, company representatives noted measures taken to mitigate the negative impact of external factors and maintain stability in operations.
"We continue to operate in conditions of increased uncertainty in the market, however, we are confident in our plans to restore the financial position of the company in the near future," stated a representative of "Amsteel Building Materials."
The company operates in the construction materials sector and remains one of the largest participants in this industry.
