Misr National Steel - Ataqa (ATQA)

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News

14 October 2019 00:02 PM Import duties on iron billets to raise production costs by 16% – Ataqa

Cairo – Mubasher: Misr National Steel (Ataqa) said that the decision to impose fees on imported iron billets and steel rebar will increase the cost of production by 16%, according to a bourse disclosure on Monday. Previously, the Egyptian minister …

Companies Investments

22 August 2019 11:37 AM Ataqa turns to losses in H1 on lower sales

Cairo – Mubasher: Misr National Steel (Ataqa) announced succumbing to losses during the first half of 2019, dragged by the drop in sales. Ataqa suffered losses of EGP 629,920 in the January-June period of 2019, against a profit of EGP 153.08 …

Financial Results

29 May 2019 03:38 PM EGX mulls Ataqa’s EGP 500m authorised capital hike request

Cairo – Mubasher: The Egyptian Exchange (EGX) announced that Misr National Steel (Ataqa) has submitted a request to increase its authorised, issued, paid-up capital. Ataqa plans to raise its authorised capital to EGP 1 billion from EGP 500 …

Management Decisions

14 May 2019 01:55 PM Ataqa’s Q1 profit falls 67% on lower sales

Cairo – Mubasher: Misr National Steel (Ataqa) reported a 67.4% year-on-year profit drop during the first quarter of 2019, pressured by lower sales. Ataqa’s net profits retreated to EGP 28.5 million in Q1-19, compared to EGP 87.45 million in the …

Financial Results

4 March 2019 03:39 PM Ataqa logs EGP 175m profit in FY18; OKs capital hike

Cairo – Mubasher: Misr National Steel (Ataqa) on Monday reported a net profit of EGP 174.9 million for 2018, compared to EGP 169.24 million in 2017, according to a bourse filing. Ataqa previously posted a net profit of EGP 187.3 million for the …

Financial Results

2 December 2018 03:33 PM Ataqa nods to stock split

Cairo – Mubasher: Misr National Steel (Ataqa) has approved to split the nominal value of the share to EGP 0.5, instead of EGP 5. This decision aims at boosting trading on the stock by increasing the ownership base of the stock and cutting its …

Corporate Actions

13 November 2018 03:27 PM Ataqa profit jumps 103% in 9M

Cairo – Mubasher: Misr National Steel (Ataqa) on Tuesday reported a 103% year-on-year surge in profits for the first nine months of 2018. The company logged EGP 187.3 million in profits during the January-September period of this year, versus EGP …

Financial Results

14 August 2018 00:46 PM Ataqa H1 profits soar 125%

Cairo – Mubasher: Misr National Steel (Ataqa) on Tuesday reported a 124.8% year-on-year hike in profits for the first half of 2018. The company generated a net profit of EGP 153.08 million in the six-month period ended June, versus EGP 68.08 …

Financial Results

13 November 2017 04:37 PM Ataqa profits more than double in 9M

Cairo - Mubasher: Misr National Steel (Ataqa) reported a 108.9% surge in profits for the first nine months of 2017, according to a bourse filing. The company’s financial statements showed that profits reached EGP 92.35 million for the nine-month …

Financial Results

18 May 2017 01:00 PM Ataqa stock hits 30M high

Cairo – Mubasher: Misr National Steel’s (Ataqa) stock rose on Thursday to its highest level in 30 months (10 November 2014). By 11:55 am Cairo time, the stock advanced 9.94% to EGP 16.15, with a turnover of EGP 74,050. The company’s profits for …

Trading Activities

15 May 2017 00:06 PM Ataqa Q1 profits grow 47%

Cairo – Mubasher: Misr National Steel’s (Ataqa) profits for the first quarter of fiscal year 2017 rose 47% year-on-year. Net profit for Q1-17 reached EGP 45.45 million, compared to EGP 30.89 million for Q1-16, according to a bourse filing released …

Financial Results

1 March 2017 01:11 PM Ataqa posts 144% rise in Q4 profit

Cairo – Mubasher: Misr National Steel (Ataqa) said Wednesday that its profits for the fourth quarter of fiscal year 2016 surged 144% to EGP 40.5 million, compared to EGP 16.6 million for Q4-15. Profits for fiscal year 2016 declined 12.6% to EGP …

Financial Results

15 November 2016 05:34 PM ATQA profits down 39% in Q3

Cairo - Mubasher: Misr National Steel ATQA - reported a profit decline of 38.7% in the third quarter of 2016. Profits reached about EGP 27 million in Q3-16, compared with EGP 44 million during the same period of the previous year, according the …

Financial Results

18 October 2016 01:10 PM Independent financial advisor sets Ataqa FV between EGP 10.41 and 11.58 per share

Cairo – Mubasher: Misr National Steel (Ataqa) said the independent financial advisor, Professional for Financial Consultation Company, has set the fair value of its stocks between EGP 10.41 and EGP 11.58 per share. Ataqa also stated that its board …

Stock Evaluations

31 August 2016 08:57 PM EFSA declares MTO for Misr National Steel

Cairo - Mubasher: The Egyptian Financial Supervisory Authority (EFSA) said on Wednesday that Alwehda for industrial development made a mandatory tender offer to acquire 30 million shares representing 100% of Misr National Steel Company’s capital, …

Mergers and Acquisitions

24 August 2016 05:05 PM Solb Misr aims to exit Ataqa’s stake to raise capital

Written by: Mahmoud Salah Cairo – Mubasher: Egyptian Steel Group - Solb Misr in the middle of negotiations to divest its stake in Misr National Steel – Ataqa in order to raise its capital, Gamal El-Garhy, chairman told Mubasher. Egypt’s …

Mergers and Acquisitions

18 August 2016 11:28 AM Ataqa turns to losses in Q2 on sales declines

Cairo – Mubasher: Misr National Steel (Ataqa) turned to losses in the second quarter of 2016 pressured by the declines of sales. Ataqa suffered losses of EGP 13.68 million in Q2-2016, against profits of EGP 27.97 million for the same period of the …

Financial Results

15 August 2016 03:02 PM Ataqa profits up 13% in Q4

Cairo – Mubasher: Misr National Steel (Ataqa) said its net profits increased by 13% in the fourth quarter of the fiscal year 2015/16. The company said it reported net profits of EGP 16.3 million ($1.83 million) for the fourth quarter of the fiscal …

Financial Results

3 August 2016 10:45 AM Ataqa draws back stock's delisting decision

Cairo – Mubasher: The board of Misr National Steel (Ataqa) backed down on its decision over the voluntary delisting of the company from the Egyptian Exchange, according to a bourse filing. Cairo – Mubasher: The board of Misr National Steel (Ataqa) …

Corporate Actions

20 March 2016 11:49 AM Ataqa board proposes delisting from Cairo bourse

Cairo – Mubasher: The board of Misr National Steel (Ataqa) recommended the voluntary delisting of the company from the Egyptian Exchange, Ataqa said. An extraordinary general meeting will be held to consider the voluntary delisting proposal. …

Corporate Actions

18 November 2015 10:31 AM Ataqa profits more than double in 9 months

Cairo-Mubasher: Misr National Steel (Ataqa) said its net profits jumped 131% to EGP 80.3 million in the first nine months of 2015, up from EGP 37.8 million in the similar period of the previous year. Earlier, the steel producer posted net profits …

Financial Results

12 August 2015 11:54 AM Ataqa profits surge 62.2% in H1

Cairo-Mubasher: Misr National Steel (Ataqa)posted net profits of EGP 36.29 million for the first half of 2015, a rise of 62.2% from EGP 22.37 million for the same period of the previous year. Ataqa's half-year gross profit surged 16.2% to EGP 63.4 …

Company News

25 May 2015 07:50 PM Solb Misr suffers EGP 1.5bn losses on high gas prices

By Mahmoud Salaheddin, Bedour El RaeeCairo-Mubasher: Solb Misr recorded EGP 1.5 billion in losses over two years on higher prices of gas and electricity and rise in worker salaries, said Chairman Gamal El-Garhy.He called on the government to …

Company News

14 May 2015 00:52 PM Ataqa reports 52% profit decline in Q1

Cairo-Mubasher: Misr National Steel (Ataqa) posted EGP 8.3 million ($1.1 million) in net earnings during the first three months of 2015, a decline of 52.4% compared with EGP 17.5 million ($2.3 million) in the corresponding period of 2014.Sales …

Financial Results

27 April 2015 00:23 PM Ataqa says not delisting share on EGX

Misr National Steel (Ataqa) said Monday that it’s not planning to voluntary delist its shares on the Egyptian Exchange (EGX).Previous news reports claimed the company was evaluating voluntary delisting due to the significant losses suffered by its …

Company News