Cairo – Mubasher: Al Ezz Dekheila Steel – Alexandria’s consolidated losses shrank in the first quarter of fiscal year 2017 by 60.3% to EGP 68.86 million, versus EGP 173.7 million for Q1-16.
Sales increased in Q1-17 by 83% to EGP 6.4 billion, compared to EGP 3.5 billion in Q1-16, a bourse filing said on Monday.
Meanwhile, standalone financial statements showed a net profit of EGP 262.2 million for Q1-17, versus losses worth 297.4 million for Q1-16.
