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FINANCIAL NEWS
Ezz Steel logs USD18.5m net loss in Q1
21 Aug 2015
(MENAFN) Ezz Steel has reported a net loss of USD18.5 million in the first quarter, compared to a far less USD2.5 million in last year’s January-March period.
The steel producer has logged a total loss of USD106.4 million in 2014, after registering USD67.2 million in net profits in 2013.
The company’s suffering is mainly attributed to the illegal conducts of its former chairman, who has been standing trial for two separate cases over three years since Egypt’s revolution.
Steel production in Egypt is expected to witness a shift after authority’s recent decision to prepare tools and regulations for issuing operating licenses in the steel and cement industry.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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