Al Yamamah Steel Industries in Saudi Arabia has reported a remarkable turnaround, achieving a net profit of SAR 70.8 million for the fiscal year 2024, compared to a loss of SAR 130.1 million in 2023. The company also experienced a year-on-year revenue increase of 25.5%, reaching SAR 1.956 billion (USD 521 million). This growth was attributed to reduced sales costs in key sectors, including construction and renewable energy, which outpaced declines in product selling prices. The positive results reflect Al Yamamah's effective strategies in navigating challenging market conditions.