Iron and Steel for Mines and Quarries’ net profits surge 214.5% YoY in FY2022/23

Updated 10/8/2023 9:53:00 AM
Iron and Steel for Mines and Quarries’ net profits surge 214.5% YoY in FY2022/23

Arab Finance: Iron and Steel for Mines and Quarries (ISMQ) reported a net profit after tax of EGP 127.812 million during the elapsed fiscal year (FY) 2022/2023, up by 214.54% from EGP 40.634 million in FY 2021/2022, according to the financial statement filed to the Egyptian Exchange (EGX) on October 8th.

Revenue reached EGP 309.925 million during the July 2022-June 2023 period, up from EGP 121.211 million a FY earlier.

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

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