Cairo – Mubasher: The board of directors of Iron and Steel for Mines and Quarries approved the financial results for the first nine months of 2021.
Over the January-September period, the net profits after taxes reached EGP 8.59 million, while the sales amounted to EGP 25.27 million, the company said in a bourse disclosure on Wednesday.
During the first six months of 2021, the company reported net profits of EGP 5.54 million and revenues of EGP 41.5 million.
It is noteworthy to mention that 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.
