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Egypt: Iron and steel mines annual profits quadruple

The financial indicators of the Iron and Steel Company for Mines and Quarries revealed, for the first half of the current fiscal year, an increase in the company’s profits by 408.4% on an annual basis.

The Company stated to the Egyptian Stock Exchange on Sunday, 29 January 2023, that it recorded a net profit of 69.5 million pounds from July to the end of December 2022, compared to 17.01 million pounds in earnings during the comparative period of 2021.

The Company’s revenues increased during the three months to 152.6 million pounds, compared to 55.7 million pounds in the same period in 2021.

The Iron and Steel Company for Mines recorded a net profit of 26.53 million pounds from July to the end of September 2022, compared to 8.59 million pounds in earnings during the comparative period of 2021.

The Company’s revenues increased during the three months to 58.55 million pounds, compared to 25.27 million pounds during the same period in 2021.

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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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92 Members

28 Board of Directors

17 Country

300.000 Employees

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