Misr National Steel Company profits fell 8% in H1 2022

The financial statements of the Misr National Steel Company – Ataka, in the first half of 2022, showed a decline in the company’s profits by 7.7% on an annual basis, with the increase in sales costs.

In a statement to the Egyptian Stock Exchange, the company stated that it achieved profits of EGY 86.75 million in the period from January to the end of last June, compared to profits of EGY 94.02 million in the comparable period from 2021.

The company’s sales rose during the period to EGY 1.34 billion, compared to sales of EGY 1.32 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.

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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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