Cairo – Mubasher: Misr National Steel (Ataqa) said its net profits increased by 13% in the fourth quarter of the fiscal year 2015/16.
The company said it reported net profits of EGP 16.3 million ($1.83 million) for the fourth quarter of the fiscal year 2015/16, compared with EGP 14.4 million for the same period of the previous year.
As for full year FY15/16, the firm saw net profits of EGP 96.6 million ($10.85 million), up from EGP 52.2 million ($5.87 million) for the similar period of the preceding year.
Ataqa’s revenues stood at EGP 1.42 billion in FY15/16, down from EGP 1.56 billion for the previous year.
