Egypt's largest steel company EZZ STEEL's revenues increased

Ezz Steel, Egypt's largest steel company, increased its revenues by 38 percent year-on-year in the first quarter of 2022.

The company's sales increased from 13.4 billion Egyptian pounds to 18.64 billion Egyptian pounds 1 billion in the same quarter last year during this period.

While gross profit increased by more than 60 percent year-on-year, net profit saw a slight increase of 2.4 percent in the first quarter of 2022 compared to the same period last year.