Hadisolb's loss falls in nine months

The revenues retreated

Cairo – Mubasher: The Egyptian Iron and Steel (Hadisolb) suffered net losses of EGP 724.14 million in the first nine months of fiscal year (FY) 2020/2021, down by 7.6% year-on-year (YoY) from EGP 783.84 million, the unaudited financial results showed.

The revenues retreated to EGP 776.23 million in the nine-month period ended 31 March from EGP 859.35 million in the corresponding period a year earlier, the steel manufacturer said in a bourse disclosure on Wednesday.

During the first half (H1) of FY20/21, Hadisolb suffered net losses of EGP 437.05 million, down from EGP 478.18 million in the prior-year period.

Source: Mubasher

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