ArabFinance: Egyptian Iron and Steel (EISC) reported revenues of EGP 554,877,000 in the July-December period of 2020, according to a statement filed to the Egyptian Exchange.
The company's liquidation is a final decision, Public Business Sector Minister Hisham Tawfik said earlier, adding that the ministry's priority is to compensate the workers within three months.
Liquidating the establishment will be completed only after the workers are separated, he added.
The board decided on January 12th to liquidate the company and dividing it into two new companies.
The listed company suffered a net loss after tax of EGP 274.48 million during the July-September period of 2020.
Egyptian Iron and Steel, an affiliated company of HCMI, is an Egypt-based public shareholding company engaged in the exploitation, production, and trade of iron and steel products. The company provides two product segments, major products, and other Products.
