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Egyptian Iron and Steel generates EGP 188m revenue in 2M

Egyptian Iron and Steel generates EGP 188m revenue in 2M
Sales amounted to EGP 124.16 million in July
Egyptian Iron & Steel
IRON
-1.45% 2.71 -0.04

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 Sunday.

During fiscal year 2018/2019, the company incurred net losses of EGP 1.24 billion, compared to EGP 899.6 million in the prior fiscal year.

Over the twelve-month period ended 30 June, sales dropped to EGP 1.24 billion from EGP 1.61 billion in FY17/18.