Egyptian Iron and Steel (IRON)

Last update: 01:02 PM market time.

32.42

-0.10

-0.31%

Open 32.52

Previous Close 32.52

High 32.80

Low 32.38

Stock Statistics

Volume 135,519

Turnover 4,401,570.50

All data are 15 minutes late during market session

News

Hadisolb incurred net losses of EGP 274.48 million in three months

3 January 2021 01:32 PM Hadisolb approves land valuation at EGP 1.23bn to settle debt

Cairo – Mubasher: The Egyptian Iron and Steel (Hadisolb) approved valuation reports of its land plots as part of a debt settlement process. These lands have been valued based on debt settlement protocols between Hadisolb, Metallurgical Industries …

The steel manufacturer’s sales fell to EGP 237.72 million

24 November 2020 11:10 AM Hadisolb's loss shrinks 25% in Q1 unaudited results

Cairo – Mubasher: The unaudited financial results of the Egyptian Iron and Steel (Hadisolb) showed net losses of EGP 274.48million during the first quarter (Q1) of fiscal year 2020/2021, down by 25.4% year-on-year (YoY) from EGP 367.8 million. The …

Financial Results

Sales slumped to EGP 1.08 billion in the year ended 30 June

21 October 2020 01:53 PM Hadisolb's loss down 35% in FY19/20 modified results

Cairo – Mubasher: The modified unaudited financial results of the Egyptian Iron and Steel (Hadisolb) showed net losses of EGP 982.83 million during fiscal year 2019/2020, down by 35% year-on-year (YoY) from EGP 1.52 billion. Sales slumped to EGP …

Financial Results

Hadisolb incurred net losses of EGP 887.37 million in FY19/20

13 October 2020 11:43 AM Hadisolb to spin off its mining business

Cairo – Mubasher: The extraordinary general meeting (EGM) of the Egyptian Iron and Steel (Hadisolb) decided to proceed in spinning off its quarrying and mining operations into a new company. About 82.5% of shares voted for the establishment of a …

General Assembly

Hadisolb incurred net losses of EGP 887.37 million in FY19/20

7 October 2020 03:15 PM Hadisolb announces board reshuffle

Cairo – Mubasher: Egyptian Iron and Steel (Hadisolb) announced a board reshuffle after the approval of the resignation of the Chairman and the board members. The Chairman of the Metallurgical Industries Holding Co decided to reform the board of …

Board of Directors

The loss per share stood at EGP 0.91 in FY19/20

13 September 2020 11:54 AM Hadisolb sees 42% lower net losses in FY19/20

Cairo – Mubasher: The adjusted financial statements of the Egyptian Iron and Steel (Hadisolb) showed a 41.88% year-on-year (YoY) decline in its net losses to EGP 887.37 million in fiscal year 2019/2020, compared to EGP 1.52 billion in the previous …

Financial Results

Hadisolb incurred net losses of EGP 783.847 million in nine months

19 August 2020 05:42 PM Hadisolb’s sales down 37% in FY19/20

Cairo – Mubasher: The Egyptian Iron and Steel (Hadisolb) generated EGP 689.5 million in local sales during fiscal year 2019/2020, down by 37% year-on-year (YoY) from EGP 1.096 billion. Moreover, the steel manufacturer’s revenues amounted to EGP 70 …

Financial Results

The project includes building an ore concentration plant at a cost of $35 million

25 June 2020 01:14 PM Hadisolb inks partnership deal with Ukrainian firm on Bahariya Oasis project

Cairo – Mubasher: The Egyptian Iron and Steel (Hadisolb) said that its parent company, Metallurgical Industries Holding Co, signed a partnership agreement with a Ukrainian company for raising iron concentration at Hadisolb’s iron ore mine in …

Companies Investments

Metallurgical Industries Holding transferred 73.3 million shares to Banque Misr

15 June 2020 05:58 PM Hadisolb settles all disputes with Banque Misr

Cairo – Mubasher: Egyptian Iron and Steel (Hadisolb) announced settling all its disputes with Banque Misr. Hadisolb signed a preliminary sale agreement to transfer the ownership of a land to its parent company Metallurgical Industries Holding Co …

Banking and Finance

The steel manufacturer incurred net losses of EGP 783.847 million

31 May 2020 03:23 PM Hadisolb’s losses widen 47.5% in 9M initial results

Cairo – Mubasher: The Egyptian Iron and Steel (Hadisolb) reported a 47.5% year-on-year rise in its net losses during the first nine months of fiscal year 2019/2020, initial results showed. The steel manufacturer incurred net losses of EGP 783.847 …

Financial Results

Hadisolb plans to inject EGP 50 million in new investments

19 May 2020 00:10 PM Hadisolb's shareholders approve estimated budget for FY20/21

Cairo – Mubasher: The Egyptian Iron and Steel (Hadisolb) approved its estimated budget for fiscal year 2020/2021. The steel manufacturer aims to reduce its losses to EGP 275.57 million in the coming fiscal year, compared to estimated losses of EGP …

Financial Results

Hadisolb plans to inject EGP 50 million in new investments

26 April 2020 01:52 PM Hadisolb plans to slash losses to EGP 275.5m in FY20/21

Cairo – Mubasher: The board of directors of the Egyptian Iron and Steel (Hadisolb) approved the amended planed budget for fiscal year 2019/2020. The company aims to cut losses to EGP 275.57 million in the coming fiscal year, compared to estimated …

Financial Results

The company is looking to achieve sales of EGP 1.84 billion

16 March 2020 03:08 PM Hadisolb aims to cut losses to EGP 388m in FY20/21

Cairo – Mubasher: The planned budget of the Egyptian Iron and Steel (Hadisolb) showed estimated net losses of EGP 388 million during fiscal year 2020/2021, compared to EGP 1.5 billion in FY18/19. The company is looking to achieve sales of EGP 1.84 …

Financial Results

Hadisolb’s revenues totalled EGP 586.13 million

16 February 2020 00:45 PM Hadisolb’s sales dip 43% in H1-19/20

Cairo – Mubasher: The board of directors of the Egyptian Iron and Steel (Hadisolb) announced that the company’s sales fell by 43.4% year-on-year during the first half of fiscal year 2019/2020. Total sales plunged to EGP 362.77 million during the …

Financial Results

The company’s revenues declined to EGP 583.25 million

4 February 2020 11:45 AM Hadisolb incurs EGP 478m loss in H1-19/20 unaudited financials

Cairo – Mubasher: The unaudited financial results of Egyptian Iron and Steel (Hadisolb) showed a 37% year-on-year rise in its net losses during the first half of fiscal year 2019/2020. Net losses widened to EGP 478.18 million during the six-month …

Financial Results

An iron ore mine

22 January 2020 04:41 PM Ukrainian gov’t expresses interest in Hadisolb’s project

Cairo – Mubasher: The Egyptian Iron and Steel (Hadisolb) has received a letter of interest from a Ukrainian company, expressing the Ukrainian government’s desire to participate in a project in Hadisolb’s iron ore mine in Bahariya Oasis. The …

Companies Investments

Total sales amounted to around EGP 317.3 million in 5M-19/20

9 January 2020 03:41 PM Hadisolb’s sales fall 32.3% in five months

Cairo - Mubasher: The sales of Egyptian Iron and Steel (Hadisolb) slid by 32.3% year-on-year (YoY) in the first five months of 2019, the board of directors of Hadisolb announced. The total sales amounted to around EGP 317.3 million from July to …

Financial Results

The remaining EGP 375 million will be repaid by transferring the ownership of property assets

18 December 2019 03:54 PM Hadisolb to extend debt settlement protocol with Banque Misr

Cairo – Mubasher: The board of directors of the Egyptian Iron and Steel (Hadisolb) approved an addendum to protocol of cooperation with Banque Misr to settle the company’s debts. About 50% of the protocol, which states the transfer of ownership of …

Corporate Actions

Sales retreated to EGP 253.4 million

8 December 2019 11:52 AM Hadisolb’s losses widen 106% in Q1-19/20 unaudited financials

Cairo – Mubasher: The unaudited financial results of the Egyptian Iron and Steel (Hadisolb) showed a 106% year-on-year increase in its net losses during the first quarter of fiscal year 2019/2020. Net losses widened to EGP 367.8 million during …

Financial Results

Local sales retreated to EGP 179.93 million

17 November 2019 01:59 PM Hadisolb’s sales shrink 40% in Q1-19/20

Cairo – Mubasher: Egyptian Iron and Steel (Hadisolb) announced that its local sales dipped by 39.5% year-on-year during the first quarter of fiscal year 2019/2020. Local sales retreated to EGP 179.93 million in the July-September period, compared …

Financial Results

Sales plunged to EGP 1.24 billion

4 November 2019 02:00 PM Hadisolb incurs EGP 1.5bn loss in FY18/19 adjusted unaudited financials

Cairo – Mubasher: The adjusted unaudited financial results of the Egyptian Iron and Steel (Hadisolb) showed a 69.7% year-on-year increase in its losses during fiscal year 2018/2019. Hadisolb suffered net losses of EGP 1.526 billion during the …

Financial Results

Hadisolb incurred net losses of EGP 1.465 billion in FY18/19

16 October 2019 03:11 PM Hadisolb rejects FY18/19 financials amid liquidation concerns

By: Heba El-Kordy Cairo – Mubasher: The ordinary general meeting (OGM) of the Egyptian Iron and Steel (Hadisolb) rejected the adoption of the financial statements for fiscal year 2018/2019, in light of the notes submitted by the Central Auditing …

Corporate Actions

Hadisolb consumes 237 million cubic metres of natural gas each year

9 October 2019 04:36 PM Cutting natural gas prices saves Hadisolb EGP 225m annually

Cairo – Mubasher: Egyptian Iron and Steel (Hadisolb) announced that the Egyptian government’s decision to slash prices of natural gas to $5.5 per one million British thermal units (BTU) from $7 will save the company EGP 225 million annually. …

Financial Results

Revenues fell to EGP 1.24 billion

7 October 2019 01:51 PM Hadisolb’s losses widen to EGP 1.5bn in FY18/19 unaudited financials

Cairo – Mubasher: The modified unaudited financial results of the Egyptian Iron and Steel (Hadisolb) recorded a 62.89% year-on-year rise in its losses during fiscal year 2018/2019. The company incurred net losses of EGP 1.465 billion in the …

Financial Results

Sales amounted to EGP 124.16 million in July

15 September 2019 00:31 PM Egyptian Iron and Steel generates EGP 188m revenue in 2M

Cairo – Mubasher: Egyptian Iron and Steel (Hadisolb) generated revenues of EGP 187.86 million during July and August. In addition, sales amounted to EGP 124.16 million in July, the company said in a statement to the Egyptian Exchange (EGX) on …

Financial Results