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Egypt: 28.3 million pounds in iron and steel sales to mines in October

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in last October amounting to 28.29 million pounds.

The company explained, in a statement to the Egyptian Stock Exchange, that sales of Bahariya Oasis mines in September amounted to 28.23 million pounds.

She added that the sales value of the Bani Khaled-Samalut quarries recorded about 55.84 thousand pounds.

It is noteworthy that iron and steel for mines and quarries achieved 127.81 million pounds in profits in the period from July 1, 2022 to June 30, 2023, compared to 40.63 million pounds in the comparative year.

Sales and revenues rose to 309.92 million pounds in 2022-2023, compared to 121.21 million pounds in the comparative year.

Iron and steel for mines and quarries recorded profits after taxes amounting to 97.76 million pounds in the period from July to last March, compared to 22.97 million pounds in the comparative period.

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

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