IRON
Cairo – Mubasher: Egyptian Iron and Steel’s (Hadisolb) board of directors announced that the company’s local sales and exports declined by 14.1% year-on-year during the first ten months of fiscal year 2018/2019.
Hadisolb’s total local sales and exports retreated to EGP 918.67 million from July 2018 to last April, compared to EGP 1.07 billion in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Sunday.
The Egyptian firm’s revenues registered EGP 1.18 billion during the first 11 months of FY18/19.
Over the period of the first ten months of FY18/19, the EGX-listed firm’s revenues reached EGP 1.07 billion.
The company suffered 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.
The company generated EGP 928.04 million in revenues in the nine-month period ended 31 March from EGP 1.25 billion in the same period a year earlier.