Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Egypt-based Ezz Steel’s net loss narrowed to EGP860mn ($53.78mn) in the first quarter of 2020 (Q1), according to the company’s consolidated financial results. The company reported a net loss of EGP1.08bn in Q1 2019.


The company’s sales declined by 16.88pc in the Jan-March period to EGP10.78bn from EGP12.6bn in Q1 2019.


On a standalone basis, the company reported net loss of EGP267mn in Q1 compared to a loss of EGP370mn in Q1 2019.





Leave a Reply

Your email address will not be published.