Thursday 31 July 2014
 
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Ezz Steel

Ezz Steel Q2 net profit up 76pc

Ezz Steel, Egypt's biggest steel maker, said that consolidated net profit for the second quarter rose 76 per cent year-on-year and that a new plant it was building would increase earnings in coming years. "The strong dome

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Ezz Steel to cut costs, increase profits in 2014

Egypt's largest steel producer, Ezz Steel, said it expects its profit to increase in 2014 thanks to a new sponge iron factory that should shave $50 to $100 off the cost of each tonne of iron it produces. "We are working o

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Ezz Steel posts $16m Q3 net loss

  Egypt's largest steel producer, Ezz Steel, reported a net loss of 110.05 million Egyptian pounds ($16.33 million) for the third quarter, the firm said in a bourse statement on Thursday.   Ezz

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Ezz Steel swings to first quarter profit

Egypt's largest steel producer, Ezz Steel, swung to a profit in the first quarter as prices rose and a buoyant housing construction market absorbed growing volumes of long steel, the company said on Thursday. The results sugge

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Ezz Steel 9-month net profit falls 26pc

Egypt's largest steel producer, Ezz Steel, said on Tuesday its net profit for the first nine months of 2011 declined 26 percent from a year earlier. The company was rocked by the uprising against leader Hosni Mubarak in February and its a

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Ezz Steel H1 net profit drops 79pc

Ezz Steel, Egypt's biggest steelmaker, posted a 79 per cent drop in first-half net profit as it set aside a potential tax liability to cover measures introduced by the government in the wake of Egypt's uprising. The group has been rocked b

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Ezz Steel says ruling may hit investments

Ezz Steel, whose shares have been battered since a court jailed its former chairman and ordered two of the Egyptian firm's licences be withdrawn, said on Sunday the decision would not affect current operations but would hit future investments.

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Ezzsteel 2010 consolidated profit soars

Egyptian group ezzsteel  said 2010 consolidated net profit almost tripled, buoyed by strong domestic demand for long products and the restart of a flat steel plant. Net profit for 2010 was 252 million Egyptian pounds ($42 million), wh

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Ezz Steel net profit pulled down by costs

Egypt's Ezz Steel Co  reported a 53 percent drop in full-year 2010 net profit on Tuesday after surging costs outweighed higher selling prices.     Net profit was 116.08 million Egyptian pounds ($19.5 million) vers

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Ezz Steel's chairman quits board

Steel magnate Ahmed Ezz quit the board of Ezz Steel and its Ezz Dekheila Steel unit as he fights graft charges from prison, and has been replaced by managing director Paul Chekaiban, the company said on Tuesday. Ezz, a top official in oust

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