The consolidated financials of Ezz Steel have recorded EGP 3.75 billion profits during the first nine months of 2021, against EGP 4.11 billion net losses in the year-ago period, including minority shareholders' rights. The company's revenues increased to EGP 49.05 billion in the January-September period of 2021, compared to EGP 26.45 billion in the same period of 2020. As for the standalone businesses, the company reported net profits of EGP 236.23 million in the first nine months of 2021, versus net losses of EGP 634.15 million in the year-ago period.Al Ezz Dekheila Steel turned to net profits of EGP 3.23 billion in the first nine months of 2021, versus net losses of EGP 3.47 billion in the year-ago period, including minority shareholders' rights. The sales hiked to EGP 43.83 billion in the January-September period, compared to EGP 22.91 billion in the corresponding period a year earlier. As for standalone business, the company achieved net profits of EGP 2.39 billion in the nine-month period ended 30 September, against net losses of EGP 935.15 million in the prior-year period.
The consolidated financials of Ezz Steel have recorded EGP 3.75 billion profits during the first nine months of 2021, against EGP 4.11 billion net losses in the year-ago period, including minority shareholders' rights. The company's revenues increased to EGP 49.05 billion in the January-September period of 2021, compared to EGP 26.45 billion in the same period of 2020. As for the standalone businesses, the company reported net profits of EGP 236.23 million in the first nine months of 2021, versus net losses of EGP 634.15 million in the year-ago period.Al Ezz Dekheila Steel turned to net profits of EGP 3.23 billion in the first nine months of 2021, versus net losses of EGP 3.47 billion in the year-ago period, including minority shareholders' rights. The sales hiked to EGP 43.83 billion in the January-September period, compared to EGP 22.91 billion in the corresponding period a year earlier. As for standalone business, the company achieved net profits of EGP 2.39 billion in the nine-month period ended 30 September, against net losses of EGP 935.15 million in the prior-year period.
