Cairo – Mubasher: Misr National Steel’s (Ataqa) profits for the first quarter of fiscal year 2017 rose 47% year-on-year.
Net profit for Q1-17 reached EGP 45.45 million, compared to EGP 30.89 million for Q1-16, according to a bourse filing released on Monday.
Sales increased in Q1-17 to EGP 890.39 million from EGP 243.59 million in Q1-16.
The company had earlier posted a net profit of EGP 84.46 million for FY16.
