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09 June 02:02 PM

Ezz Steel SAE (ESRS)

Last update: 8 June 11:26 AM market time.
61.00
-77.57
-55.98%
Open 138.57
Previous Close 138.57
High 141.00
Low 61.00
Stock Statistics
Volume 486
Turnover 44,971.04
All data are 15 minutes late during market session

News

Photo Credit: Arabianeye - Reuters
24 January 2016 05:19 PM Prime starts Ezz Steel with ‘Buy’ rating
Cairo – Mubasher: Prime Research initiated coverage of Ezz Steel with a “Buy” recommendation, setting the stock’s fair value at EGP 11.22. The company’s stock shut 3.76% higher at EGP 6.9 on Sunday, after a total of 218,300 shares were exchanged …
Stock Evaluations
Photo Credit: Arabianeye - Reuters
30 December 2015 10:56 AM Ezz Steel losses widen 40% in 9 months
Cairo - Mubasher: Ezz Steel said Wednesday its net losses for the first nine months of 2015 increased by 40% to EGP 740.32 million, from EGP 528.4 million in the similar period of the previous year. The company's revenues declined to EGP 12.8 …
Financial Results
Photo Credit: Arabianeye-Reuters
5 November 2015 10:48 AM Ezz Steel suffers EGP 207.72m losses in 6 months
Cairo - Mubasher: Ezz Steel reported net losses of EGP 207.72 million for the first half of 2015, against profits of EGP 41.3 million for the same period a year earlier, according to the company's standalone financial statements. Meanwhile, the …
Financial Results
Photo Credit: Arabianeye - Reuters
20 August 2015 06:31 PM Pharos Research reinstates Ezz Steel FV at EGP 10.7
Cairo-Mubasher: Pharos Research maintained the fair value of Ezz Steel at EGP 10.7 after the steel producer posted its financials for the first quarter of 2015. Consolidated financials for the period ended 31 March 2015 showed EGP 145.9 million …
Stock Evaluations
Photo Credit: Arabianeye-Reuters
20 August 2015 10:39 AM Ezz Steel swings to loss in three months
Cairo-Mubasher: Ezz Steel Co. turned to losses in the first quarter of 2015, as it reported EGP 145.9 million against profits of EGP 20.16 million for the comparable period in 2014. The company's gross profit reached EGP 222.12 million in Q1-2015, …
Financial Results
Photo Credit: Arabianeye - Reuters
2 July 2015 11:53 AM Ezz Steel shareholders approve FY14 financials
Cairo – Mubasher: Ezz Steel shareholders endorsed on Wednesday the financial statements for the fiscal year that ended on 31 December, 2014, the company said in a bourse filing. Shareholders also reviewed the board and auditor’s reports for the …
Company News
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25 June 2015 02:37 PM Pharos set Ezz Steel fair value at EGP 10.7
Cairo-Mubasher: Pharos Research has set the fair value of Ezz Steel at EGP 10.7 on a potential gas shortage. The research firm said Ezz Steel, which is considered one of the biggest steel producers in Egypt, is likely to face gas shortage in 2015 …
Research
Photo Credit: Arabianeye-Reuters
3 June 2015 11:30 AM Ezz Steel incurs over EGP 800m losses in FY14
Cairo-Mubasher: Ezz Steel has released consolidated financial statements for the fiscal year ended on 31 December 2014, which reflected net losses of EGP 835.6 million ($109.8 million), versus net profits of EGP 527.9 million ($69.4 million) a …
Company News
Photo Credit: Arabianeye-Reuters
19 April 2015 00:18 PM Ezz Steel approves unit’s $255m capital top-up
Cairo-Mubasher: Egypt’s Ezz Steel said Sunday its board of directors approved a capital increase for subsidiary Ezz Flat Steel Co by 15 million shares, or $255 million.Shares will be issued at $17 each – $10 as par value, plus $7 issue premium …
Company News
Photo Credit: Arabianeye-Reuters
17 February 2015 10:46 AM Ezz Steel turns to loss in nine months
Egypt’s Ezz Steel has posted EGP 528.4 million ($69.3 million) consolidated net loss for the nine-month period that ended on September 30, 2014, against EGP 593 million ($77.8 million) net profit reported in the same period a year …
Financial Results
Photo Credit: Arabianeye-Reuters
9 February 2015 02:51 PM Ezz Steel's EPS may decline 12% to 15% in FY15 -EFG
Ezz Steel Co. announced the commencement of trial operations at its new DRI plant, where commercial operations to start by mid-2015, said a recent company note compiled by EFG-Hermes. Kamel Galal, company's investor relations manager who was …
General News
19 January 2015 11:23 AM Egypt’s Ezz Steel signs $237m financing deal
Ezz Steel, the biggest steel producer in Egypt and MENA, said on Monday it signed a EGP 1.7 billion ($237 million) long-term loan agreement with National Bank of Egypt (NBE) and Arab African International Bank (AAIB).The company added, in a bourse …
Banking and Finance
18 January 2015 10:49 AM Ezz Steel seeks long-term credit facility
Ezz Steel, the biggest steel producer in MENA, said in a bourse statement Sunday that its board of directors approved on Thursday obtaining a long-term credit facility.According to the company, the loan will be used in restructuring credit …
Banking and Finance
21 December 2014 11:58 AM HSBC reiterates Ezz Steel target price at EGP18.7/share
HSBC has maintained its target price estimate for Egypt’s steel producer Ezz Steel at EGP 18.7 per share, placing a ‘Neutral’ recommendation.The company is expected to log EGP 226 million loss in 2014, then to post around EGP 1 billion in …
Company News
24 November 2014 06:57 PM EFG-Hermes reiterates Buy rating for Ezz Steel
EFG-Hermes said in a report issued on Egypt’s steel manufacturer Ezz Steel that the stock continues to trade at an EV/tonne of USD571, which is significantly below its replacement cost of USD750/tonne. “We believe that the market is …
Company News
3 November 2014 03:07 PM Ezz Steel turnover hits 7-week high; stock to target EGP18.4
The stock of Ezz Steel has headed north on Monday for the third successive session, rising 3.64% to reach EGP 17.1; its highest price in three weeks.The stock saw active trading, after more than 4.3 million shares were exchanged at EGP 72.5 million. …
Stock Evaluations
25 September 2014 11:09 AM Ezz Steel turns to loss with EGP142.5mln in H1-14
Ezz Steel posted on Wednesday consolidated financial results for H1-14, showing net loss of EGP 142.5 million, against EGP 621.6 million net profit in the year earlier period.Meanwhile, standalone financial results for the same period …
Corporate Actions
11 September 2014 11:36 AM EGX halts trading on Ezz Steel after stock surge
The Egyptian Exchange (EGX) has suspended trading on Ezz Steel stock as of Thursday’s session till receiving a reply to its inquiries.Ezz stock rose in the last seven sessions to reach its highest price in nearly 44 months. It rose 1.75% …
Trading Activities
5 September 2014 09:26 AM Court adjourns EGP 100 mln fine on Ezz
Cairo Economic Court suspended Thursday an earlier court verdict imposing an EGP 100 million fine on steel tycoon Ahmed Ezz, as he appeals the verdict with the Court of Cassation, according to Ahram Online.The former chairman of Ezz Steel …
Law
18 August 2014 10:34 AM Ezz Steel posts 94% slump in Q1 consolidated profit
Ezz Steel reported consolidated financial results for Q1 that ended on March 31, 2014, showing net profit of EGP 20.2 million, with a drop by 94% compared with EGP 371.6 million net profit in the same period a year earlier.The …
Financial Results
12 August 2014 00:41 PM Beltone downgrades Ezz Steel to Reduce, Ezz Dekheila to Hold
Beltone Financial said in a report issued Monday it downgraded its recommendation on Ezz Steel to Reduce, and on Al Ezz Dekheila Steel Co. - Alexandria (EZDK) to Hold.Ezz companies are a play on robust demand, favorable market …
Stock Evaluations