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ISMQ’s profit leap 208.9% YoY in Q1 FY 2022/2023

ISMQ’s profit leap 208.9% YoY in Q1 FY 2022/2023

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.

 

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