Ezz Steel Company (S.A.E) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 40,979.53 million compared to EGP 22,147.04 million a year ago. Net loss was EGP 508.78 million compared to net income of EGP 1,080.88 million a year ago. Basic loss per share from continuing operations was EGP 0.95 compared to basic earnings per share from continuing operations of EGP 2.03 a year ago.
For the nine months, sales was EGP 103,241.42 million compared to EGP 60,643.64 million a year ago. Net loss was EGP 1,152.06 million compared to net income of EGP 3,681.85 million a year ago. Basic loss per share from continuing operations was EGP 2.16 compared to basic earnings per share from continuing operations of EGP 6.91 a year ago.