Dekhela Steel turns to losses in Q3

o – Mubasher: AL Ezz Dekhela Steel – Alexandria reported its unconsolidated financial statements for the third quarter of 2016, which reflected net losses of EGP 282.7 million.

The steel producer logged losses of EGP 159.6 million for the same period of the previous year.

As for the first nine months of 2016, the company reported net losses of EGP 208 million compared with EGP 318 million for the similar period of the preceding year.

The company said its sales revenues increased by 2.3% to EGP 8.5 billion at the first nine months of 2016.

Mubasher Contribution Time: 27-Oct-2016 10:15 (GMT)
Mubasher Last Update Time: 27-Oct-2016 10:16 (GMT)