El Ezz Dekheila Steel turns a profit in 2021
Updated 3/3/2022 11:07:00 AM
ArabFinance: El Ezz Dekheila Steel – Alexandria (EZDK) (IRAX) has turned to profitability in the full-year ended December 31st 2021, according to the company’s financial statements filed to the Egyptian Exchange (EGX).
The company has achieved a consolidated net profit attributable to the parent company of EGP 5.81 billion in 2021, versus a net loss of EGP 4.68 billion in 2020.
Consolidated net sales surged to EGP 61.24 billion last year from EGP 33.94 billion in 2020.
Meanwhile, the company’s standalone net profit after tax amounted to EGP 3.60 billion in 2021, versus a net loss of EGP 878.53 million a year earlier.
El Ezz Dekheila Steel 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.
