Cairo - Mubasher: The consolidated financials of Ezz Steel have recorded EGP 3.75 billion profits during the first nine months of 2021, against EGP 4.11 billion net losses in the year-ago period, including minority shareholders' rights.

The company's revenues increased to EGP 49.05 billion in the January-September period of 2021, compared to EGP 26.45 billion in the same period of 2020, according to a bourse filing.

As for the standalone businesses, the company reported net profits of EGP 236.23 million in the first nine months of 2021, versus net losses of EGP 634.15 million in the year-ago period.

It is noteworthy to mention that during the first half (H1) of 2021, the company turned to net profits of EGP 2.39 billion, versus net losses of EGP 2.77 billion in H1-20, including minority shareholders' rights.