The financial indicators of Iron and Steel Mines and Quarries Company revealed, for the first half of the current fiscal year, a 110% increase in the company’s profits, on an annual basis.
The company explained in a statement to the Egyptian Stock Exchange that it recorded a net profit of EGP 154.91 million during the period from July to the end of December 2024, compared to EGP 73.77 million in profits during the comparative period in 2023.
The company’s revenues increased during the six months to EGP 312.47 million, compared to EGP 167.22 million during the same period in 2023.
Iron and Steel for Mines and Quarries achieved a net profit of EGP 23.75 million during the period from July to the end of September 2024, compared to EGP 28.34 million in profits during the comparative period in 2023.
The company’s revenues increased during the three months to EGP 84.25 million, compared to EGP 69.89 million during the same period in 2023.
