Iron and Steel Company for Mines and Quarries, affiliated to the Holding Company for Metallurgical Industries, one of the companies of the Ministry of Public Business Sector, revealed that it achieved total sales of EGP 28.63 million in June.

The Iron and Steel Company for Mines and Quarries said that the sales of Bahariya Oasis mines in June amounted to EGP 28.6 M.

The Iron and Steel Company for Mines and Quarries indicated that the sales value of Bani Khaled quarries – Samalut amounted to about EGP 34.91 thousand.

Iron and Steel for Mines and Quarries recorded profits after taxes amounting to EGP 97.76 million from July to last March, compared to EGP 22.97 million in the comparative period.

The company recorded revenues of EGP 217.5 M from July to the end of last March, compared to EGP 82.78M in the comparative period.

The Ordinary General Assembly of the Iron and Steel Company for Mines and Quarries approved its estimated fiscal year 2023-2024 budget, with a targeted net profit of EGP 145.4 M during the current fiscal year.