Egypt : Iron and Steel for Mines achieves EGP 7.9m sales in July
The board of directors of Iron and Steel for Mines and Quarries approved the output and sales report for July.
The company’s sales amounted to EGP 7.91 million during July, according to a bourse disclosure on Tuesday.
Iron and Steel for Mines and Quarries is a spin-off company of the Egyptian Iron and Steel (Hadisolb).
During the first half (H1) of 2021, the company’s pre-tax profits amounted to EGP 26.47 million and the sales reached EGP 43.016 million.
In January, the extraordinary general meeting (EGM) of Hadisolb decided to liquidate its steel plant and spin off its mining operations.