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Iron and Steel for Mines and Quarries logs EGP 26m pre-tax profit in H1

Iron and Steel for Mines and Quarries logs EGP 26m pre-tax profit in H1
The company's sales stood at EGP 43.016 million

Cairo – Mubasher: The board of directors of Iron and Steel for Mines and Quarries approved the financial statements for the first half (H1) of 2021. 

The company's pre-tax profits amounted to EGP 26.47 million, while its sales stood at EGP 43.016 million during the January-June period, according to a bourse disclosure on Sunday. 

Iron and Steel for Mines and Quarries is a spin-off company of the Egyptian Iron and Steel (Hadisolb). 

In January, the extraordinary general meeting (EGM) of Hadisolb decided to liquidate its steel plant and spin off its mining operations.