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Egyptian Iron and Steel incurs EGP 590.2M in 5 months

Egyptian Iron and Steel incurs EGP 590.2M in 5 months

ArabFinance: The ordinary general meeting (OGM) of Egyptian Iron and Steel (HADISOLB) (IRON) has endorsed the company’s financial statement for the period from January 1st until May 31st, 2021, according to a statement filed to the Egyptian Exchange (EGX).

The company has incurred a net loss of EGP 590.206 million in the five-month period ended May 31st.

Egyptian Iron and Steel, an affiliated company of Metallurgical Industries Holding, is an Egypt-based public shareholding company engaged in the exploitation, production, and trade of iron and steel products.

The company provides two product segments, major products, and other Products.

 

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