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Egypt: EGP 22.5 million in iron and steel sales for mines in July

The Iron and Steel Company for Mines and Quarries announced achieving total sales in July worth EGP 22.5 million.

The company explained, in a statement to the Egyptian Stock Exchange, that sales of the Bahariya Oasis mines in July amounted to EGP 22.49 million.

It added that the value of sales of the Beni Khaled – Samalut quarries recorded about EGP 7,812.

The Iron and Steel Company for Mines and Quarries achieved a net profit of EGP 127.49 million in profits during the period from July 2023 to the end of June 2024, compared to EGP 127.81 million in the comparative year.

The company’s sales declined to EGP 306.25 million in the past fiscal year, compared to EGP 309.92 million in the comparative year.

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