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Beltone announces fair value of Ezz Steel’s share

Beltone announces fair value of Ezz Steel’s share

ArabFinance: Beltone Financial Research set the fair value of Ezz Steel’s share at EGP 10.84 per each, according to a research note.

Ezz Steel posted a consolidated net profit of EGP 783.746 million in quarter one (Q1) 2021.

The company announced its exports in Q1 2021 reached $269 million, recording a 47% quarter on quarter increase.

Ezz Steel, formerly Al Ezz Steel Rebars Company, is an Egypt-based manufacturer and trader of steel and related products. Together with its subsidiaries, the company is engaged in the manufacture, trade, and distribution of iron and steel products of all kinds and associated services.

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