The financial statements of Misr National Steel Company – Ataqa, in the first half of this year, showed a 30.36% decline in the company’s profits on an annual basis.
The company explained in a statement to the Egyptian Stock Exchange that it achieved profits of EGP 535.45 million in the period from January to the end of June 2024, compared to profits of EGP 410.75 million in the comparative period of 2023.
The company’s sales jumped in the first six months of this year to EGP 2.77 billion, compared to EGP 922.67 million in the comparative period last year.
The Egyptian National Steel Company – Ataqa achieved profits of EGP 60.91 million in the period from January to the end of March 2024, compared to profits of EGP 128.81 million in the comparative period of 2023.
The company’s sales jumped in the first three months of this year to EGP 1.01 billion, compared to EGP 399.5 million in the comparative period last year.
