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Egypt's Ezz Steel says H1 net profit leapt 269 percent
October 23, 2013 / 7:38 PM / 4 years ago

Egypt's Ezz Steel says H1 net profit leapt 269 percent

CAIRO (Reuters) - Ezz Steel (ESRS.CA), Egypt’s biggest steel maker, said on Wednesday that its consolidated net profit for the first half jumped 269 pct year-on-year to 302 million Egyptian pounds ($43.8 million).

Net sales increased to 11.14 billion pounds from 10.31 billion in the first half of 2012, Ezz said.

First half net profit in 2012 was 82 million pounds.

Reporting by Patrick Werr

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