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Egypt: 6 million pounds of profits for “Iron and Steel Mines” in 9 months

The Board of Directors of the Iron and Steel Company for Mines and Quarries approved the approval of the company’s financial statements for the first nine months of 2021.

The company said in a statement to the Egyptian Stock Exchange that the financial statements were approved with a net profit after taxes of 8.59 million pounds.

The company added that it achieved EGP 25.27 million in sales during the nine months.

As the Iron and Steel Company for Mines and Quarries achieved, during the first six months of 2021, a net profit before taxes of 26.47 million pounds, and sales of 43.016 million pounds.

It is noteworthy that Iron and Steel Mines is a split company from the Egyptian Iron and Steel Company.

 

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About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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92 Members

28 Board of Directors

17 Country

300.000 Employees

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