Ezz Steel SAE (ESRS)

Cairo – Mubasher: Ezz Steel turned to a consolidated loss during 2023, recording a net loss after tax of EGP 716.53 million, compared to a net profit of EGP 6.64 billion a year earlier. Consolidated net sales surged to EGP 142.91 billion last year …

Cairo – Mubasher: Act Financial lowers its equity ownership in Ezz Steel to 0.51% from 0.78%, according to a bourse statement. Act Financial sold 1.45 million shares in the EGX-listed firm at a value of EGP 128.10 million and an average price of …

Cairo – Mubasher: Ezz Steel shifted to consolidated net losses after tax amounting to EGP 809.77 million in the first half (H1) of 2023, against net profit of EGP 4.12 billion in H1-22, including minority interest. The EGX-listed firm generated …

Cairo – Mubasher: Ezz Steel turned to consolidated net losses after tax attributable to the owners amounting to EGP 1.66 billion in the first quarter (Q1) of 2023. The incurred net losses were against net profits valued at EGP 758.85 million in …

Cairo – Mubasher: Ezz Steel generated EGP 6.64 billion in consolidated net profit after tax in 2022, an annual surge from EGP 5.39 billion, including non-controlling equity. The firm reported a hike in sales to EGP 83.98 billion last year from EGP …

Cairo – Mubasher: The consolidated financial statements of Ezz Steel showed a 52% annual increase in net profits at EGP 5.70 billion, from EGP 3.75 billion, including minority shareholders’ rights. Basic earnings per share (EPS) reached EGP 6.91 …

Cairo – Mubasher: Ezz Steel has generated EGP 4.13 billion in its consolidated profits during the first half (H1) of 2022, a surge of 72.30% when compared to EGP 2.39 billion in H1-21, including minority shareholders’ rights. Earnings per share …

Cairo – Mubasher: Ezz Steel has reported consolidated net profits after tax worth EGP 1.21 billion in the first quarter (Q1) of 2022, higher than EGP 1.18 billion in Q1-21. Sales amounted to EGP 18.64 billion in Q1-22, up from EGP 13.49 billion …

Cairo - Mubasher: The consolidated financials of Ezz Steel have recorded EGP 3.75 billion profits during the first nine months of 2021, against EGP 4.11 billion net losses in the year-ago period, including minority shareholders' rights. The …

Cairo – Mubasher: Ezz Steel responded to news reports about its intention to acquire a stake in one of the existing iron and steel companies. In a bourse disclosure on Sunday, the largest steel manufacturer in Egypt and the Arab world said it …

By: Heba El-Kordy Cairo – Mubasher: Companies operating in the production of iron, cement, and fertilisers disclosed to the Egyptian Exchange (EGX) the impact of the government's decision to increase natural gas prices for factories by about 28% …

Cairo – Mubasher: Ezz Steel said that its total exports during the first nine months of 2021 reached $1.013 billion.  Exports amounted to $597 million in the first half (H1) of 2021 and $416 million in the third quarter (Q3) of the year, according …

Cairo - Mubasher: Ezz Steel turned to net profits of EGP 2.39 billion in the first half (H1) of 2021, versus net losses of EGP 2.77 billion in H1-20, including minority shareholders' rights.  The sales surged to EGP 30.42 billion in the six-month …

Cairo – Mubasher: The total exports of Ezz Steel jumped by 47% year-on-year (YoY) to $269 million during the first quarter (Q1) of 2021, compared to $183 million. These exports comprise $208 million in flat steel and $61 million in coiled rebar, …

Cairo – Mubasher: The Egyptian businessman Ahmed Abdel Aziz Ezz has raised his stake in Ezz Steel to 65.7% from 32%. Ezz purchased 181.51 million shares, including global depositary receipts, owned by Al Ezz Holding Group Industry and Investment, …

Cairo – Mubasher: The Egyptian Exchange (EGX) announced the execution of a block-trading deal on the shares of Ezz Steel. The transaction involved the trading of 181.51 million shares for a total value of EGP 1.68 billion, the EGX said in a …

Cairo – Mubasher: The Egyptian businessman Ahmed Abdel Aziz Ezz has raised his stake in Ezz Steel to 32.29% from 27.3%. Ezz purchased 9.039 million global depositary receipts, equivalent to 27.11 million local shares owned by Al Ezz Holding Group …

Cairo – Mubasher: Ezz Steel incurred consolidated net losses of EGP 4.68 billion in 2020, down by 42.2% year-on-year (YoY) from EGP 8.11 billion, including minority shareholders’ rights. The losses attributable to the parent company’s shareholders …

Cairo – Mubasher: The consolidated financial statements of Ezz Steel showed net losses of EGP 4.11 billion in the first nine months of 2020, down by 4.8% from EGP 4.321 billion in the year-ago period, including minority shareholders’ rights. The …

Cairo – Mubasher: The consolidated financial statements of Ezz Steel showed net losses of EGP 2.77 billion in the first half (H1) of 2020, up by 12.22% year-on-year (YoY) from EGP 2.46 billion, including minority shareholders’ rights. Sales …

Cairo – Mubasher: The unaudited consolidated financial results of Ezz Steel showed a 20% year-on-year (YoY) drop in its net losses to EGP 860 million during the first quarter (Q1) of 2020 from EGP 1.08 billion, including minority shareholders’ …

Cairo – Mubasher: The unaudited consolidated financial results of Ezz Steel showed a 674.5% year-on-year increase (YoY) in its net losses to EGP 7.9 billion in 2019 from EGP 1.02 billion. The steel manufacturer generated EGP 45.71 billion in sales …

Cairo – Mubasher: The Egyptian Exchange (EGX) warned that trading on eight listed companies will be suspended if they fail to submit their financial statements for 2019 after the end of the new 45-day reporting period deadline. Companies that face …

By: Heba El-Kordy Cairo – Mubasher: The leading provider of research-based indexes and analytics MSCI Inc. announced the deletion of two Egyptian stocks and the addition of two other to the MSCI ACWI Small Cap Index. Ezz Steel and Pioneers Holding …

Cairo – Mubasher: The Egyptian businessman Ahmed Abdel Aziz Ezz has raised his holding in Ezz Steel to 27.29% from 0.00055%. The value of the transaction amounted to EGP 836.409 million at an average price of EGP 5.64 per share, according to a …