Iron and Steel for Mines and Quarries’ net profits drop 0.25% YoY in FY2023/24

Updated 8/4/2024 9:23:00 AM
Iron and Steel for Mines and Quarries’ net profits drop 0.25% YoY in FY2023/24

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).

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