Cairo – Mubasher: Al Ezz Dekheila Steel – Alexandria posted on Monday a net profit of EGP 91 million for fiscal year 2016, compared to a net loss worth EGP 263 million for FY15.
Sales increased in FY16 to EGP 13.51 billion, versus EGP 10.6 billion in FY15, according to a bourse statement.
Foreign exchange losses amounted to EGP 896 million in FY16.
The stock fell on Sunday by 1.38% to EGP 500.04.
