Egypt's Ezz El-Dekheila hits whopping profits rise in 9m/2013

Ahram Online, Sunday 29 Dec 2013

EZDK, a subsidiary of Ezz Steel, saw a profits rise of 218 percent in the first nine months of the year, compared to the same period last year

Egypt’s Ezz El-Dekheila (EZDK) — a unit of Ezz Steel  hit a whopping 218 percent rise in profits of the first nine months of 2013 compared to the same period of the year before, a statement sent to the Egyptian Bourse revealed Sunday.

According to the statement, EZDK saw consolidated profits worth LE789.8 million ($113.8 million) in the period between January and September 2013.

Ezz Steel, Egypt's largest steel producer, holds a 55 per cent stake in EZDK.

 

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