ArabFinance: El Ezz Aldekhela Steel - Alexandria (IRAX) posted a consolidated net profit after tax of EGP 2.06 billion in the second quarter (Q2) of 2021, versus a net loss of EGP 2.297 billion in in Q2 2020, according to the company’s financial statements filed to the Egyptian Exchange (EGX).

As for the standalone financial results, the EGX-listed company reported a net profit of EGP 1.59 billion in Q2 of 2021, versus a net loss of EGP 673 million in Q2 2020.

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.