ArabFinance: Egyptian Iron and Steel Company (IRON) posted a 9% Year on Year decline in its net loss in 2020, according to the company’s unaudited financial statements to the Egyptian Exchange on February 7th.
Net losses stood at EGP 437.05 million in 2020, compared to EGP 478.18 million in 2019.
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.
