ISMQ’s profits jump 732.6% YoY in FY 2021/2022
Updated 9/18/2022 9:23:00 AM
Arab Finance: Iron and Steel for Mines and Quarries (ISMQ) posted a 732.63% year-on-year (YoY) surge in net profit after tax during the fiscal year (FY) 2021/2022, according to the financial indicators filed to the Egyptian Exchange (EGX) on September 18th.
The company’s net profit after tax soared to EGP 40.634 million in FY 2021/2022 from EGP 5.546 million the year before.
Revenue reached EGP 121.211 million in the 12 months ended June 30th 2022, up from EGP 41.477 million in FY 2020/2021.
It is worth noting that ISMQ is a demerged company from Egyptian Iron and Steel (IRON).
