Egypt: Ataqa reports 213% YoY increase in 2023's profit

The company recorded a net profit after tax of EGP 734.861 million in 2023

Staff Writer, Arab Finance

February 29, 2024

PHOTO

Misr National Steel (Ataqa) reported a 213% year-on-year (YoY) increase in net profits in 2023, according to the company’s financial income statement filed to the Egyptian Exchange (EGX) on February 29th.

The company recorded a net profit after tax of EGP 734.861 million in 2023, compared to a profit of EGP 234.724 million in 2022.

Revenues rose 9% YoY to EGP 2.721 million from EGP 2.485 billion.

ATAQA is an Egypt-based company engaged in the manufacture of reinforced steel bars according to Egyptian and international standards in different sizes and thicknesses.

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.