Announcement

Thursday, March 25, 2010

Ezz Steel 2009 profit down 93pct

Reuters reported that Egyptian group Ezz Steel 2009 net profit fell 92.85% to EGP 88 million but still beating analysts' forecasts.

The company said that Egypt's largest steel producer reported net profit of EGP 1.2 billion in the same period last year. The figure implied a fourth quarter

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