Cairo - Mubasher: Misr National Steel ATQA - reported a profit decline of 38.7% in the third quarter of 2016.
Profits reached about EGP 27 million in Q3-16, compared with EGP 44 million during the same period of the previous year, according the company’s statement to the Egyptian exchange (EGX).
As for the nine-month period ended 30 September, 2016, Profits were nearly EGP 44 million, down 45% year-on-year from approximately EGP 80 million.
The company previously reported losses of about EGP 13.68 million in Q2-16, against profits of about EGP 27.97 million in Q2-15
