The financial indicators of the Iron and Steel Company for Mines and Quarries revealed, for the first half of the current fiscal year, an increase in the company’s profits by 408.4% on an annual basis.
The Company stated to the Egyptian Stock Exchange on Sunday, 29 January 2023, that it recorded a net profit of 69.5 million pounds from July to the end of December 2022, compared to 17.01 million pounds in earnings during the comparative period of 2021.
The Company’s revenues increased during the three months to 152.6 million pounds, compared to 55.7 million pounds in the same period in 2021.
The Iron and Steel Company for Mines recorded a net profit of 26.53 million pounds from July to the end of September 2022, compared to 8.59 million pounds in earnings during the comparative period of 2021.
The Company’s revenues increased during the three months to 58.55 million pounds, compared to 25.27 million pounds during the same period in 2021.
