Cairo - Mubasher: A new report expects Ezz Steel performance to remain depressed this year.

Pharos expects the company’s distributed dividend per share to be in the range of EGP 110 to 130, decreasing by 11% to 13% year-on-year in 2018.

The research firm also forecasts attributable net income to swing into positive territory in the second half of the year, securing additional funds and dividends received from Ezz Dekhila Steel, which is expected to maintain a generous payout during the year to finance its operations.