Cairo – Mubasher: The Egyptian Iron and Steel (Hadisolb) generated EGP 689.5 million in local sales during fiscal year 2019/2020, down by 37% year-on-year (YoY) from EGP 1.096 billion.
Moreover, the steel manufacturer’s revenues amounted to EGP 70 million during July, according to a bourse disclosure on Wednesday.
During the first nine months of FY19/20, Hadisolb incurred net losses of EGP 783.847 million, up from EGP 531.28 million in the year-ago period.
