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39.3 million pounds in iron and steel sales to mines and quarries in December

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in last December amounting to 39.3 million pounds.
The company explained, in a statement to the Egyptian Stock Exchange today, that sales of Bahariya Oasis mines in December amounted to 39.28 million pounds.

The Company added that the sales value of the Bani Khaled-Samalut quarries recorded about 21 thousand pounds.

It is noteworthy that Iron and Steel for Mines and Quarries recorded a net profit of 73.77 million pounds in the period from July until the end of December 2023, compared to 69.5 million pounds in profits in the comparative period of 2022.

The company’s revenues increased in the first half of the current fiscal year to 166.61 million pounds, compared to 152.6 million pounds in the same period in 2022.

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