Cairo – Mubasher: The board of directors of Iron and Steel for Mines and Quarries approved the adjusted financial results for the first six months of 2021. 

Over the January-June period, the net profits amounted to EGP 5.54 million, while the revenues totalled EGP 41.5 million, the company said in a bourse disclosure on Sunday. 

It is noteworthy to mention that 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.