Al Ahly Pharos sets FV of El Ezz Dekheila Steel at EGP 550/share
Updated 3/8/2022 9:27:26 AM
ArabFinance: Al Ahly Pharos Securities Brokerage Research has set the fair value (FV) of El Ezz Dekheila Steel – Alexandria (EZDK) (IRAX) at EGP 550 per share, with a recommendation of “Overweight”, the research firm noted in a report.
It is worth noting that El Ezz Dekheila Steel 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.
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.
