During the past year, the consolidated financial statements of Ezz Steel Company showed an increase in the company’s profits by 23.19% on an annual basis.

In a statement to the Egyptian Stock Exchange, the company stated that it achieved profits amounting to 6.64 billion pounds during 2022, compared to profits amounting to 5.39 billion pounds in the comparative period of 2021, taking into account minority rights.

The share of the holding company’s shareholders in last year’s profits amounted to about 4.25 billion pounds, compared to 3.52 billion pounds in 2021.

While non-controlling interests recorded about EGP 2.39 billion in profits at the end of 2022, compared to EGP 1.87 billion in 2021.

The company’s sales rose over the past year to EGP 83.98 billion, compared to EGP 67.81 billion in 2021.

At the level of unconsolidated businesses, the profits of the independent company rose to EGP 1.05 billion in 2022, compared to EGP 288.15 million in 2021.

The Company achieved profits amounting to EGP 5.7 billion from January to the end of September 2022, compared to profits amounting to EGP 3.75 billion in the comparative period of 2021, taking into account minority rights.

The share of the holding company’s shareholders in the profits of the nine months amounted to about EGP 3.68 billion, compared to EGP 2.48 billion during the same period of 2021.

While non-controlling interests recorded about EGP 2.02 billion in profits at the end of September 2022, compared to EGP 1.27 billion during the same period last year.

The Company’s sales rose during the nine months to EGP 60.64 billion, compared to EGP 49.05 billion last year.

At the level of unconsolidated businesses, the profits of the independent company rose to EGP 1.03 billion from the beginning of January until the end of last September, compared to profits amounting to EGP 236.23 million in the comparative period of 2021.