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Ezz Dekheila H1 consolidated profit plunges 95% to EGP 38.6mln

Ezz Dekheila H1 consolidated profit plunges 95% to EGP 38.6mln
Al Ezz Dekheila Steel
IRAX
0.40% 1,255.00 5.00
Al Ezz Dekheila Steel Co. - Alexandria (EZDK) posted consolidated net profit of EGP 38.6 million for H1-14, with fall by 94.5% compared with EGP 705.3 million net profit in the same period a year earlier.
Meanwhile, standalone financial results for the same period showed EGP 183.6 million net profit, compared with EGP 696.9 million in H1-13.
FY13 net profit had grown 46% to EGP1.15 billion, compared with EGP 792 million in FY12.