Cairo – Mubasher: Al Ezz Dekheila Steel Co posted on Wednesday a consolidated net profit of EGP 773.99 million for fiscal year 2016, versus a consolidated net loss of EGP 448.46 million for FY15.
Sales increased in FY16 to EGP 16.86 billion from EGP 11.4 billion in FY15, according to a bourse filing.
Standalone profits for FY16 amounted to EGP 96.84 million, against standalone losses worth EGP 262.8 million in FY15.
Standalone foreign exchange losses reached EGP 896 million in FY16, versus EGP 308 million in FY15.
