Cairo – Mubasher: Al Ezz Dekheila Steel – Alexandria on Monday reported a 13.6% year-on-year increase in its standalone profits for full-year ended 31 December 2018.
The company logged EGP 2.5 billion ($140 million) in profits last year, compared to EGP 2.2 billion ($130 million) in 2017, according to a filing to the Egyptian Exchange (EGX).
Sales rose to EGP 36.1 billion in 2018, versus EGP 30.3 billion a year earlier, the Egyptian iron and steel firm said.
In November, Al Ezz Dekheila posted it a 62.2% year-on-year hike in consolidated profits for the first nine months of 2018, recording EGP 2.27 billion from EGP 1.4 billion.
The EGX-listed steel manufacturer achieved sales of EGP 28.19 billion at the end of September, versus EGP 20.49 billion in the corresponding nine-month period of 2017.
By 10:20 am Cairo time, Al Ezz Dekheila's stock edged up 0.05% to EGP 970.
