Cairo – Mubasher: Al Ezz Dekheila Steel - Alexandria achieved consolidated net profits after tax, including minority interest, worth EGP 1.02 billion during the first quarter (Q1) of 2021, against net losses of EGP 1.07 billion in Q1-20.
Earnings per share (EPS) stood at EGP 52.44 in Q1-21, versus a loss per share of EGP 80.75 in Q1-20, according to a bourse filing on Wednesday.
Sales increased 28% to EGP 11.71 billion in the January-March 2021 period from EGP 9.12 billion in the same period last year.
In terms of the standalone income statements, Al Ezz Dekheila Steel also turned profitable at EGP 771.87 million in Q1-21, against net losses after tax of EGP 287.91 million in Q1-20.
EPS amounted to EGP 39.56 in the first three months of 2021, versus a loss per share of EGP 21.54 in the corresponding period in 2020.
Non-consolidated sales grew by 10% to EGP 8.84 billion in Q1-21 from EGP 8.03 billion in Q1-20.
The steel company earlier succeeded to reduce its annual losses to EGP 4.67 billion in 2020.
