Ezz Steel Company (S.A.E) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EGP 34,412.53 million compared to EGP 19,856.08 million a year ago. Net income was EGP 1,017.09 million compared to EGP 1,842.12 million a year ago. Basic earnings per share from continuing operations was EGP 1.91 compared to EGP 3.46 a year ago.
For the six months, sales was EGP 62,261.88 million compared to EGP 38,496.6 million a year ago. Net loss was EGP 643.29 million compared to net income of EGP 2,600.98 million a year ago. Basic loss per share from continuing operations was EGP 1.21 compared to basic earnings per share from continuing operations of EGP 4.88 a year ago.