The consolidated financial statements of Ezz Steel, during the first nine months of 2021, showed the shift from losses to profitability on an annual basis.
In a statement to the Egyptian Stock Exchange, the company stated that it achieved profits of EGP 3.75 billion in the nine months that ended last September, compared to losses of EGP4.11 billion in the comparative period of 2020, taking into account minority rights.
The company's sales rose during the period to EGP 49.05 billion, compared to sales of EGP 26.45 billion in the comparable period last year.