Iron and Steel Mines' Profits Record EGP 126 Million in Last Fiscal Year

The adjusted financial indicators of the Iron and Steel Mines and Quarries Company revealed a marginal decline in the company's net profit during the last fiscal year. It explained in a statement to the Stock Exchange that it 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 during the last fiscal year, compared to EGP 309.92 million in the comparative year. The Iron and Steel Mines and Quarries Company announced that it achieved total sales during the month of July of EGP 22.5 million. The company explained, in a statement to the Stock Exchange, that the sales of the Bahariya Oasis mines during July amounted to EGP 22.49 million. It added that the value of sales of the Beni Khaled - Samalut quarries recorded about EGP 7,812.