Egyptian Iron & Steel Co posts LE962m in losses in FY2013/14

Ahram Online, Sunday 26 Oct 2014

The Egyptian Iron & Steel Company continues to lose money, down nearly LE100m on already poor results from 2012/13

The Egyptian Iron & Steel Company, once the biggest company in the public sector, reported losses of LE962.2 million in the fiscal year ending June 2014, according to a company statement sent to the Egyptian bourse Sunday.

The financial result represents a 11 percent increase in net losses, up from LE876.7 million in the same period in the last financial year.

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