EZDK loss widens
Updated 12/1/2020 11:13:00 AM
ArabFinance: Al Ezz Dekheila Steel Company - Alexandria (EZDK) reported a 182% Year on Year rise in its consolidated net loss for the first nine months of 2020, according to the company’s November 30th financial statements filed to the Egyptian Exchange.
Consolidated net loss before minority interest stood at EGP 3,491,314,958 in January-September 2020, compared to EGP 1,238,843,077 incurred in the prior-year period.
Standalone net loss reached EGP 935,153,319 in January-September 2020, a 102% rise from EGP 461,671,682 incurred in the corresponding period a year earlier.
EZDK is an Egypt-based engaged in the manufacture and production of steel in different types and forms.
The company’s direct subsidiaries include Al Ezz Steel Sheet Manufacturing Company, Steel Company for Industry, and Trade and Contracting Company, which is focused on the manufacture and trade in all types of metal and metal products.
