Cairo – Mubasher: Egyptian Iron and Steel’s (HADISOLB) board of directors announced recording revenues of EGP 1.07 billion during the first 10 months of fiscal year 2018/2019.

The Egyptian firm’s local sales and exports retreated to EGP 820.62 million during the first nine months of FY18/19, compared to EGP 1.07 billion in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Tuesday.

The company incurred losses of EGP 531.28 million from July 2018 to last March, compared to EGP 456.62 million in the same period a year earlier.

Year-on-year, revenues fell to EGP 928.04 million in the nine-month period ended 31 March from EGP 1.25 billion.