Cairo – Mubasher: Egyptian Iron and Steel (HADISOLB) said Wednesday that its ordinary general meeting (OGM) has approved the estimated budget draft and the investment plan for fiscal year 2017/2018, according to a bourse filing.
Earlier this month, the company said that it plans to trim its losses by 62% in FY17/18 to EGP 153.22 million, versus EGP 401.61 million estimated losses for FY16/17.
The company eyes to increase its sales in FY17/18 to EGP 5.19 billion, compared to estimated sales of EGP 2.4 billion for the current year.
