Cairo
– Ezz Steel has reported consolidated net profits after tax worth
EGP 1.21 billion in the first quarter (Q1) of 2022, higher than EGP 1.18
billion in Q1-21.
Sales
amounted to EGP 18.64 billion in Q1-22, up from EGP 13.49 billion during the
same period a year earlier, according to a bourse disclosure on Sunday.
The
earnings per share (EPS) settled at EGP 1.42 in Q1-22, versus EGP 1.47 in
Q1-21.
Meanwhile,
the company achieved standalone net profits after tax of EGP 18.20 million in
the first three months (3M) of 2022, lower than EGP 74.18 million in the
year-ago period.
During
the January-March period of 2022, the non-consolidated revenues stood at EGP
3.39 billion, compared to EGP 2.09 billion during the same period in the
previous year.
It
is worth noting that in the first nine months (9M) of 2021, Ezz Steel
registered EGP 3.75 billion in net profit, against net losses of EGP 4.11
billion in 9M-20.
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