BUZZ-Saudi's East Pipes drags benchmark as quarterly profit slumps

EAST PIPES

EAST PIPES

1321.SA

0.00

** Saudi steel pipe maker East Pipes Integrated Co 1321.SE falls 7.5% to 204.4 riyals,

** Stock on track to log biggest one-day drop since April 2025; worst performer on benchmark index .TASI, which is up 0.3%

** Reports Q1 revenue and profit down more than 25% quarter-on-quarter

** Attributes decline to lower sales volumes in line with scheduled delivery plans

** Stock up nearly 48% YTD


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