Cairo – Mubasher: Misr National Steel (Ataqa) said Wednesday that its profits for the fourth quarter of fiscal year 2016 surged 144% to EGP 40.5 million, compared to EGP 16.6 million for Q4-15.
Profits for fiscal year 2016 declined 12.6% to EGP 84.46 million from EGP 96.64 million for FY15, according to a bourse filing.
The company’s board recommended to freeze dividends for the year which ended on 31 December 2016, said another statement.
