Egyptian Iron & Steel (HADISOLB) posted financial indicators for the first half of the fiscal year 2014/2015, showing that net loss narrowed by 37% to nearly EGP 326.29 million, compared with EGP 519.86 million in the same period a year earlier.

The steel producer had logged approx. EGP 124.9 million net loss for the first quarter of FY14/15, compared with EGP 111.7 million net loss in Q1-13/14.

HADISOLB losses amounted to EGP 1.3 billion in the fiscal year 2013/2014.

Photo Credit: Arabianeye-Reuters