Cairo – Mubasher: Egyptian Iron and Steel (HADISOLB) on Thursday reported a 51% year-on-year increase in its losses for the first half of fiscal year 2018/2019.
Net loss reached EGP 348.28 million in the six-month period ended December, versus EGP 231.3 million in the same period a year earlier, the company said in a filing to the Egyptian Exchange (EGX).
Revenues fell to EGP 605.7 million in H1-18/19, from EGP 753.6 million in the corresponding six-month period of FY17/18.
HADISOLB previously posted a 6.8% year-on-year decline in its losses for the first quarter of fiscal year 2018/2019, incurring a net loss of EGP 178.14 million, versus losses of EGP 191.08 million.
