Cairo – Mubasher: AL Ezz Dekhela Steel – Alexandria said it turned profitable in the third quarter of 2016.
The company reported net profits of EGP 48.9 million for the third quarter of 2016, against losses of EGP 321.6 million for the same period of the previous year.
As for the first nine months of 2016, the company reported net losses of EGP 506.7 million compared with EGP 559.2 million for the comparable period of the preceding year.
The company’s sales revenues stood at EGP 10.5 billion for the nine month – period ended September 2016, compared with 8.9 billion a year earlier.
