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Hadisolb's loss falls to EGP 724m in nine months

Hadisolb's loss falls to EGP 724m in nine months
The revenues retreated to EGP 776.23 million in the period ended 31 March
Egyptian Iron & Steel
IRON
4.75% 3.53 0.16

Cairo – Mubasher: The Egyptian Iron and Steel (Hadisolb) suffered net losses of EGP 724.14 million in the first nine months of fiscal year (FY) 2020/2021, down by 7.6% year-on-year (YoY) from EGP 783.84 million, the unaudited financial results showed.

The revenues retreated to EGP 776.23 million in the nine-month period ended 31 March from EGP 859.35 million in the corresponding period a year earlier, the steel manufacturer 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.