Stocks | Analysis
NGFO six-month profit rose 10.2-fold and P/E of 5.12 is below half its sector, but October scrap rose 27% versus 14% for sheet; Sahmino target 14,014 rials (November 3, 2026)
NGFO's standalone net profit reached 9,437 billion rials in the six months to September 22, 2026, 10.2 times a year earlier, with gross margin rising from 7.4% to 18.7%. In October scrap purchases cost 27.1% more and sheet sold for 14.1% more than in September. November 2 close: 12,720 rials, P/E 5.12 versus sector 10.86. Sahmino's desk: target…
12 min read | 3 November