Egyptian Iron and Steel loss shrinks

This marked a Year on Year (YoY) decrease of 7.6%

  

ArabFinance:Egyptian Iron and Steel Company (IRON) (EISC) reported a net loss of EGP 724.140 million in quarter one (Q1) 2021, according to the company’s April 15th financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) decrease of 7.6% when compared to EGP 783.847 million in Q1 2020.

The Egyptian Exchange (EGX) concerned committee approved listing the share of EISC following the capital cut, according to EGX’s disclosure on May 26th.

ESIC, an affiliated company of Metallurgical Industries Holding, is an Egypt-based public shareholding company engaged in the exploitation, production, and trade of iron and steel products. The company provides two product segments, major products, and other Products.

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