The Board of Directors of the Iron and Steel Company for Mines and Quarries approved the estimated budget for the next fiscal year 2024-2025.
The company said in a statement to the Egyptian Stock Exchange. It aims to achieve a net profit after taxes of about 447.9 million pounds during the next fiscal year.
It is noteworthy that Iron and Steel for Mines and Quarries recorded a net profit of 73.77 million pounds during the period from July until the end of December 2023, compared to 69.5 million pounds in profits during the comparative period of 2022.
The company’s revenues increased during the first half of the current fiscal year to 166.61 million pounds. Compared to 152.6 million pounds during the same period in 2022.
