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Iron and Steel for Mines and Quarries posts 42.9% YoY drop in H1 2026 profits

Updated 8/17/2026 8:31:00 AM
Iron and Steel for Mines and Quarries posts 42.9% YoY drop in H1 2026 profits

Arab Finance: Net profits after tax of Iron and Steel for Mines and Quarries shrank by 42.93% to EGP 398.289 million in the first half (H1) of 2026 from EGP 697.990 million in H1 2025, according to the financial indicators.

Earnings per share (EPS) declined to EGP 00.41 at the end of June 2026 from EGP 00.71 a year earlier, while sales dropped to EGP 916.491 million from EGP 1.354 billion.

In June alone, the company reported total sales of approximately EGP 127.48 million.

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