Arab Finance: Misr National Steel (Ataqa) reported a 17.23% year-on-year (YoY) increase in net profit after tax for the first nine months of 2024, according to the company’s financial income statement filed to the Egyptian Exchange (EGX) on November 13th.

The company recorded a net profit after tax of EGP 695.871 million in the first nine months of 2024, compared to a profit of EGP 593.571 million in the same period of 2023.

Sales grew to EGP 3.718 billion in the nine-month period ended September 30th from EGP 1.711 billion in the same period last year.

ATAQA is an Egypt-based company engaged in the manufacture of reinforced steel bars according to Egyptian and international standards in different sizes and thicknesses.

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