Cairo – Mubasher: Al Ezz Dekheila Steel – Alexandria posted higher consolidated net profits after tax at EGP 6.42 billion in 2022, versus EGP 5.83 billion in 2021, including non-controlling interest.
The sales hit EGP 75.44 billion in January-December 2022, compared to EGP 61.21 billion a year earlier, according to the income statements.
Total consolidated assets enlarged to EGP 64.56 billion last year from EGP 50.54 billion in 2021.
Standalone Financial Results
The EGX-listed firm achieved standalone net profits after tax of EGP 5.31 billion in 2022, a year-on-year (YoY) surge from EGP 3.60 billion.
Non-consolidated revenues surged to EGP 61.71 billion last year from EGP 47.93 billion as of 31 December 2021, while the total assets climbed to EGP 52.41 billion from EGP 41.35 billion.
In the first nine months (9M) of 2022, Al Ezz Dekheila Steel recorded an annual leap of 70.27% in consolidated net profit to EGP 5.50 billion from EGP 3.23 billion, including minority interest.
