Cairo – Mubasher: Iron and Steel for Mines and Quarries expects to achieve a net profit after tax of EGP 447.90 million in the fiscal year (FY) 2024/2025.

The company’s board of directors approved the estimated budget for FY2024/2025, according to a bourse filing.

Iron and Steel for Mines and Quarries reported a net profit of EGP 73.77 million between July and December 2023, up from EGP 69.50 million in the same period a year earlier.