Iron and Steel for Mines and Quarries posts profit in six months

Revenues increased

Cairo – Mubasher: The board of directors of Iron and Steel for Mines and Quarries approved the adjusted financial results for the first six months of 2021.

Over the January-June period, the net profits amounted to EGP 5.54 million, while the revenues totalled EGP 41.5 million, the company said in a bourse disclosure on Sunday.

It is noteworthy to mention that Iron and Steel for Mines and Quarries is a spin-off company of the Egyptian Iron and Steel (Hadisolb).

In January, the extraordinary general meeting (EGM) of Hadisolb decided to liquidate its steel plant and spin off its mining operations.

Source: Mubasher

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