The Iron and Steel Company for Mines and Quarries (ISMQ) announced the approval of its board of directors, held on 11/19/2022, on its business results for the period ending on 09/30/2022, which showed a net profit of 26.538 million pounds, compared to a net profit of 8.590 million. pounds, according to the company in its statement sent to the Egyptian Stock Exchange.

And on the company’s amended unaudited business results for the fiscal year ending on 06/30/2022, achieving profits amounting to 40,634,468 pounds, compared to profits amounting to 5,546,393 pounds, during the comparative period of the previous fiscal year, with a change rate of 732.63%.

It is worth noting that the sales and production indicators report during June 2022 showed that total sales were achieved during the month of June at a value of 15.12 million pounds, and the sales of the Bahariya Oasis mines during June amounted to about 15.06 million pounds, and the sales of the Bani Khaled-Samalot quarries amounted to about 64.2 thousand pounds.