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Ezz Dekhalia profit plunges 38 per cent in first half 2011

Ahram Online, Sunday 4 Dec 2011

Egypt's Ezz Dekheila Steel saw its profits drop 38 per cent to LE322.4 million in the first half of 2011, the firm said Sunday in a statement sent to the Egyptian stock exchange.

The firm, a subsidiary of troubled Ezz Steel, reported consolidated profits of LE512.7 million for the same period in 2010.
 
The fall in profits came despite a surge in net sales to LE5.9 billion, against LE4.4 billion the year before.
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