The financial indicators of Iron and Steel for Mines and Quarries Co. revealed a significant improvement in performance in the first quarter of the current fiscal year, with the company’s net profit soaring by 238% year-on-year.
According to the company’s statement to the Egyptian Exchange (EGX), net profit reached EGP 80.49 million for the period from July to the end of September 2024, compared to EGP 23.75 million during the same period in 2021.
The company’s revenues also rose to EGP 213.05 million in the reported quarter, compared to EGP 84.25 million in the corresponding period of 2024.
Revised financial data further showed that the company achieved a net annual profit of EGP 697.99 million during the fiscal year from July 2024 to June 2025, compared to EGP 125.95 million in the previous fiscal year.
Meanwhile, sales recorded strong growth, reaching EGP 1.35 billion in the past fiscal year, up from EGP 305.51 million a year earlier, reflecting the company’s improved operational performance and sustained upward momentum in its financial results.
