The financial statements of Misr National Steel Company – Ataqa, during the first quarter of this year, showed an increase in the Company’s profits by 89.5% on an annual basis.
The Company stated to the Egyptian Stock Exchange today that it achieved profits of 128.81 million EGP from January to the end of March 2023, compared to 67.95 million EGP in the comparative period 2022.
The Company’s sales fell during the first three months of this year to 399.5 million EGP, compared to sales of 875.94 million EGP compared to last year.
It is worth noting that Egypt National Steel – Ataqa recorded a net profit of 234.72 million EGP in 2022, compared to 100.44 million EGP in 2021.
The Company’s sales rose over the past year to 2.48 billion EGP, compared to 2.36 billion EGP in 2021.
