Cairo – Mubasher: The Egyptian Iron and Steel (Hadisolb) generated EGP 682.8 million in activity revenues during the first eight months of fiscal year 2020/2021.

Local sales amounted to EGP 45 million during January and no exports were reported during the month, the company said in a bourse disclosure on Wednesday.

During the first half (H1) of FY20/21, Hadisolb suffered net losses of EGP 437.05 million, down from EGP 478.18 million in the prior-year period.

The steel manufacturer’s revenues declined to EGP 555.28 million in the July-December period of 2020, compared to EGP 583.25 million in the corresponding period a year earlier.