Arab Finance: Iron and Steel for Mines and Quarries (ISMQ) has reported a net profit before tax of EGP 127.490 million during the elapsed fiscal year (FY) 2023/2024, compared to EGP 127.812 million, marking a decrease of 0.25% year on year (YoY), according to the financial indicators filed to the Egyptian Exchange (EGX) on August 4th.
Revenue reached EGP 306.250 million during the July 2023-June 2024 period, down from EGP 309.925 million a FY earlier.
It is worth noting that ISMQ is a demerging company from Egyptian Iron and Steel (IRON).