Emirates Steel Arkan (ADX: EMSTEEL) (the "Group"), the largest publicly traded steel and building materials company in the UAE, announced its second quarter results. The Group reported a net profit of AED 207 million in the second quarter compared to a pre-merger loss of AED 24 million in the same period of last year and a 184% gain from AED 73 million in Q1, driven by higher sales volumes and prices, enhanced operational efficiencies, and a supportive commodity market environment.
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