Arab Finance: Ezz Steel (ESRS) recorded EGP 1.563 billion in consolidated net profits attributable to the parent company in the first half (H1) of 2024, versus net losses of EGP 643.286 million in 2023, according to a filing.

Net sales surged to EGP 100.684 million in the six-month period from EGP 62.262 million in the same period last year.

As for the standalone financial results, the company registered EGP 568.005 million in H1 2024, compared to EGP 38.354 million in H1 2023.

Meanwhile, standalone net sales increased to EGP 26.073 billion from EGP 10.806 billion.

Ezz Steel is an Egypt-based manufacturer and trader of steel and related products. Together with its subsidiaries, the company is engaged in the manufacture, trade, and distribution of iron and steel products of all kinds and associated services.

Speed Medical’s consolidated losses narrow 4.17% YoY in H1 Updated 10/2/2024 9:27:00 AM

Egypt Aluminum’s profits hike 60% YoY in FY2023/24 Updated 9/29/2024 9:28:00 AM

Al Ahly for Development’s consolidated profits hike 281% YoY in Q1 2024 Updated 9/25/2024 10:08:00 AM

Ajwa posts 292.9% YoY consolidated profit surge in H1 2024 Updated 9/23/2024 11:02:00 AM

Banque Misr reports EGP 52.9B in 2023 net profit Updated 9/22/2024 8:46:00 AM