El Ezz Dekheila Steel posts 16.4% YoY higher consolidated profits in Q1
Updated 6/5/2022 10:34:00 AM
ArabFinance: El Ezz Dekheila Steel – Alexandria (EZDK) (IRAX) has reported a 16.42% year-on-year (YoY) increase in consolidated profit attributable to the parent company during the first quarter (Q1) of 2022, according to the financial statements filed to the Egyptian Exchange (EGX) on June 5th.
The company’s consolidated profits rose to EGP 1.184 billion in Q1 2022 from EGP 1.017 billion in Q1 2021.
Net consolidated sales surged to EGP 17.161 billion in the three-month ended March 31st from EGP 11.719 billion in the same period the year before.
As for the standalone financials, El Ezz Dekheila’s net profit after tax soared to EGP 1.087 billion in the January-March period of 2022 from EGP 771.875 million in the year-ago period.
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.
