Cairo – Mubasher: Egyptian Iron and Steel (HADISOLB) reported an increase of 11.4% y-o-y in local sales for the first quarter of the fiscal year 2016/17.
The company’s sales value amounted to EGP 252.9 million ($28.5 million) for Q1 – 2016/17, up from EGP 227.08 million ($25.6 million) a year earlier.
The company’s steel exports surged 374% in Q1 to $3.9 million up from $823,000 for the same period of the preceding year.
