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Ezz Steel turns to loss ending June 2019

Ezz Steel turns to loss ending June 2019

ArabFinance:  Ezz Steel (ESRS) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending June 30, 2019.

The company incurred consolidated net losses of EGP 2.469 billion, compared to net profits of EGP 148.540 million in the same period a year ago, taking into account the minority rights.

Moreover, it incurred standalone net losses of EGP 576,285,626, against posting net profits of EGP 228,369,458 in the same period last year.

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