Cairo – Mubasher: The board of directors of Iron and Steel for Mines and Quarries approved the financial statements for the first half (H1) of 2021.
The company's pre-tax profits amounted to EGP 26.47 million, while its sales stood at EGP 43.016 million during the January-June period, according to a bourse disclosure on Sunday.
Iron and Steel for Mines and Quarries is a spin-off company of the Egyptian Iron and Steel (Hadisolb).
In January, the extraordinary general meeting (EGM) of Hadisolb decided to liquidate its steel plant and spin off its mining operations.
