The Iron and Steel Company for Mines and Quarries announced that its sales reached EGP 29.6 million during October.
In a statement to the Egyptian Exchange today, the company explained that its profits more than tripled during the first quarter of the current fiscal year, reaching EGP 80.5 million, compared to EGP 23.7 million during the same period in 2021.
The company’s revenues rose to EGP 213 million during the three-month period, compared to EGP 84 million during the same period in 2024.
The Ordinary General Assembly of the Iron and Steel Company for Mines and Quarries approved the revised profit distribution account, which includes a cash dividend of EGP 0.42 per share.
The General Assembly also approved the Board of Directors’ report and the financial statements for the past fiscal year.
The Iron and Steel Company for Mines and Quarries proposed a cash dividend of 53 piasters per share from the profits of the past fiscal year, subject to general assembly approval.
Meanwhile, the company’s profits increased 5.5 times during the past fiscal year, reaching EGP 698 million, compared to EGP 125.95 million in the previous fiscal year.
The company’s sales increased to £1.35 billion during the last fiscal year, compared to £305.5 million in the previous year.
