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ISMQ’s profits jump 732.6% YoY in FY 2021/2022

ISMQ’s profits jump 732.6% YoY in FY 2021/2022

Arab Finance: Iron and Steel for Mines and Quarries (ISMQ) posted a 732.63% year-on-year (YoY) surge in net profit after tax during the fiscal year (FY) 2021/2022, according to the financial indicators filed to the Egyptian Exchange (EGX) on September 18th.

The company’s net profit after tax soared to EGP 40.634 million in FY 2021/2022 from EGP 5.546 million the year before.

Revenue reached EGP 121.211 million in the 12 months ended June 30th 2022, up from EGP 41.477 million in FY 2020/2021.

It is worth noting that ISMQ is a demerged company from Egyptian Iron and Steel (IRON).

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