The financial indicators of Iron and Steel for Mines and Quarries revealed a substantial surge in annual profits, with net profit rising by 458% year-on-year.
According to a statement issued by the company to the Egyptian Exchange, net profit for the period from July 2024 to the end of June 2025 reached EGP 702.96 million, compared to EGP 125.95 million in the previous fiscal year.
Sales recorded significant growth, reaching EGP 1.35 billion, compared to EGP 305.51 million in the comparative period.
The company attributed this growth in profits to the clearance of stagnant inventory in line with the decisions of the General Assembly, in addition to expanding exports to global markets, as well as reducing the cost of revenue compared to the same period last year.
During the period from July to the end of March 2025, the company posted post-tax profits of EGP 431.96 million, compared to EGP 113.25 million in the same period of the previous year, while revenues reached EGP 834.72 million, up from EGP 252.58 million.