AL Ezz Dekheila Steel calls shareholders to review 2019's financial results

The company reported a consolidated net loss in Q1

ArabFinance: AL Ezz Dekheila Steel - Alexandria (EZDK) (IRAX) called for an ordinary general meeting, on July 14th, to review the financial results and commutative contracts for 2019, according to the company's June 22nd statement filed to the Egyptian Exchange.

EZDK also invited the shareholders for an extraordinary general meeting to discuss amending articles no. 3, 4, 19, 20, 25, 39, 40, 42, 43, 45, 46, 47, 49, 51, and 56 of the articles of association.

The company reported a consolidated net loss of EGP 4,643,494,957 in quarter one (Q1), versus posting a net profit of EGP 647,356,308 in Q1 2019.

In the Q1 2020, standalone net loss reached EGP 2,230,574,362, against net profit of EGP 2,503,425,336 achieved in Q1 2019.

EZDK is an Egypt-based engaged in the manufacture and production of steel in different types and forms. The company’s direct subsidiaries include Al Ezz Steel Sheet Manufacturing Company, Steel Company for Industry, and Trade and Contracting Company (Contrasteel).

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