The Clap:
Ezz Steel reported a net profit of EGP 1.3 billion in the first quarter of 2024, compared to a net loss of approximately EGP 2.5 billion in the corresponding quarter of the previous year.
Revenues:
The company’s revenues rose 80.0% YoY to EGP 50.2 billion during the quarter.
Export activity is faring well:
In the first quarter of 2024, exports rose 43.9% YoY to USD 410 million, mainly due to a 101.5% increase in hot rolled coil steel exports.
