Ataqa turns to profitability in 2021
Updated 2/27/2022 1:54:50 PM
ArabFinance: Misr National Steel (Ataqa) (ATQA) has turned to profitability in the full-year ended December 31st 2021, according to the company’s financial statement filed to the Egyptian Exchange (EGX).
The company has achieved a net profit after tax of EGP 100.44 million in 2021, versus a net loss of EGP 4.52 million in 2020.
Moreover, the company has generated EGP 2.26 billion in sales last year, up from EGP 1.89 billion in 2020.
ATAQA is an Egypt-based company engaged in the manufacture of reinforced steel bars according to Egyptian and international standards in different sizes and thicknesses.
