Iron and Steel for Mines and Quarries' profits leap 37.8% YoY in Q1 FY 2023/2024: Egypt

ISMQ is a demerging company from Egyptian Iron and Steel (IRON)

Staff Writer, Arab Finance

November 17, 2023

PHOTO

Iron and Steel for Mines and Quarries (ISMQ) posted a 37.82% year-on-year (YoY) surge in net profit after tax during the first quarter (Q1) of fiscal year (FY) 2023/2024, according to the financial indicators filed to the Egyptian Exchange (EGX) on November 16th.

The company’s net profit after tax stood at EGP 28.344 million in Q1 FY 2023/2024, compared to EGP 20.567 million in Q1 FY 2022/2023.

Revenue reached EGP 69.898 million in the three-month period ended September 30th 2023, up from EGP 58.555 million in the same quarter of FY 2021/2022.

ISMQ is a demerging company from Egyptian Iron and Steel (IRON).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.