Cairo-Mubasher: Al Ezz Dekheila Steel Co. – Alexandria posted EGP 116 million in net losses after taxes for the first quarter of 2015, against EGP 144 million net earnings after taxes in the same period a year ago.

The steel producer recorded gross profits of EGP 266 million during the period ended 31 March 2015, compared with EGP 362 million a year earlier.

Gross profits to sales reached 8%, compared with 11% in the corresponding period of 2014.   

The company operates with EGP 1.3 billion in capital, divided into 13.3 million shares at a par value of EGP 100 each.