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Ezz Steel turns to profits, and its sales jump to EGP 49 billion in 9 months

The consolidated financial statements of Ezz Steel, during the first nine months of 2021, showed the shift from losses to profitability on an annual basis.

In a statement to the Egyptian Stock Exchange, the company stated that it achieved profits of EGP 3.75 billion in the nine months that ended last September, compared to losses of EGP4.11 billion in the comparative period of 2020, taking into account minority rights.

The company’s sales rose during the period to EGP 49.05 billion, compared to sales of EGP 26.45 billion in the comparable period last year.

 

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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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17 Country

300.000 Employees

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