Cairo - Mubasher: Al Ezz Dekheila Steel - Alexandria turned to net profits of EGP 2.06 billion in the first half (H1) of 2021, versus net losses of EGP 2.29 billion in H1-20, including minority shareholders' rights.
Meanwhile, the company's sales grew to EGP 26.51 billion in the January-June period, compared to EGP 15.23 billion in the year-ago period, according to a bourse disclosure on Monday.
As for standalone business, the steel manufacturer posted net profits of EGP 1.6 billion in H1-21, against net losses of EGP 672.75 million in H1-20.
During the first quarter (Q1) of 2021, Al Ezz Dekheila Steel - Alexandria logged EGP 1.02 billion in consolidated net profits after tax, including minority interest, compared to net losses of EGP 1.07 billion in Q1-20.
