Iron and Steel for Mines and Quarries (ISMQ) posted a 408.44% year-on-year (YoY) surge in net profit after tax in the first half (H1) of fiscal year (FY) 2022/2023, according to the financial indicators filed to the Egyptian Exchange (EGX) on January 29th.

The company’s net profit after tax stood at EGP 69.5 million in the July-December period of 2022, compared to EGP 17.01 million in the H1 of FY 2021/2022.

Revenue reached EGP 152.62 million in the six-month period ended December 31st, 2022, up from EGP 55.7 million in the same period of the previous FY.

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