Cairo – Mubasher: The consolidated net profits after tax of Misr National Steel (Ataqa) hiked year-on-year (YoY) to EGP 593.57 million in the first nine months (9M) of 2023 from EGP 115.50 million.
The revenues amounted to EGP 1.71 billion in 9M-23, down from EGP 1.99 billion in 9M-22, according to the consolidated financial statements.
Basic earnings per share (EPS) hit EGP 0.49 in January-September 2023, versus EGP 0.09 a year earlier.
Total assets hiked to EGP 2.61 billion in 9M-23 from EGP 1.79 billion as of 31 December 2022
Financials for Q3-23
During the third quarter (Q3) of 2023, Ataqa logged net profits after tax valued at EGP 182.82 million, compared to EGP 28.75 million in the July-September 2022 period.
Sales enlarged to EGP 789.29 million in Q3-23 from EGP 651.81 million a year earlier, while the basic EPS widened to EGP 0.15 from EGP 0.02.
In the first half (H1) of 2023, the net profits after tax jumped to EGP 410.74 million from EGP 86.75 million in H1-22.
