Arab Finance: Iron and Steel for Mines and Quarries (ISMQ) posted a 208.9% year-on-year (YoY) surge in net profit after tax during the first quarter (Q1) of fiscal year (FY) 2022/2023, according to the financial indicators filed to the Egyptian Exchange (EGX) on November 20th.
The company’s net profit after tax stood at EGP 26.53 million in Q1 FY 2022/2023, compared to EGP 8.59 million in Q1 FY 2021/2022.
Revenue reached EGP 58.55 million in the three-month period ended September 30th 2022, up from EGP 25.27 million in the same quarter of FY 2021/2022.