Cairo – Mubasher: Egyptian Iron and Steel’s (Hadisolb) local sales and exports declined by 12.28% year-on-year during the first 11 months of fiscal year 2018/2019, the company’s board of directors revealed.
Hadisolb’s total local sales and exports totalled EGP 1.025 billion from July 2018 to last May, compared to EGP 1.168 billion in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Monday.
The Egyptian firm’s revenues registered EGP 1.261 billion during FY18/19.
Over the period of the first ten months of FY18/19, Hadisolb’s total local sales and exports declined to EGP 918.67 million from EGP 1.07 billion in the year-ago period.
Revenues stood at EGP 1.18 billion during the first 11 months of FY18/19.
