Egypt: EGP 32 million in iron and steel sales for mines in September

The Iron and Steel Company for Mines and Quarries announced that it achieved total sales in September amounting to EGP 31.89 million. The company explained, in a statement to the Egyptian Stock Exchange, that the sales of the Bahariya Oasis mines in September amounted to EGP 31.76 million. It added that the value of sales of the Beni Khaled - Samalut quarries recorded about EGP 127.54. It is noteworthy that Iron and Steel for Mines and Quarries achieved a net profit of EGP 125.95 million in profits during the period from July 2023 to the end of June 2024, compared to EGP 127.81 million in the comparative year. The company's sales declined to EGP 305.51 million in the past fiscal year, compared to EGP 309.92 million in the comparative year.