Tuesday 31 March 2015
 
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Ezz Steel

Ezz Steel posts Q3 loss of $37m

Ezz Steel, Egypt's biggest steel maker, posted a third-quarter net loss on Tuesday that widened to E£285.38 million ($37.43 million) from E£84.1 million a year earlier. The company said in a statement on the Egypti

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Ezz Steel signs $236m facility to restructure debt

Ezz Steel, Egypt's largest steelmaker, has signed a long-term financing agreement with two banks worth EGP1.7 billion ($236 million) to help it restructure its debt. The loan will be repaid in quarterly instalments over seven

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Ezz Steel posts $24m loss in H1

Ezz Steel, Egypt's biggest steelmaker, posted a first-half net loss of E£176 million ($24.6 million), compared with a net profit of E£302 million ($42.1 million) a year earlier. "The first half of 2014 has bee

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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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