9,659.48 TRY BIST 100 BIST 100
5.24 CNY CNY CNY
40.78 EUR EUR EUR
37.92 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
46.25 TRY Interest Interest
74.48 USD Fossil Oil Fossil Oil
33.77 USD Silver Silver
5.04 USD Copper Copper
102.21 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,803.99 TRY Gold (gr) Gold (gr)
9,659.48 TRY BIST 100 BIST 100
5.24 CNY CNY CNY
40.78 EUR EUR EUR
37.92 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
46.25 TRY Interest Interest
74.48 USD Fossil Oil Fossil Oil
33.77 USD Silver Silver
5.04 USD Copper Copper
102.21 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,803.99 TRY Gold (gr) Gold (gr)
9,659.48 TRY BIST 100 BIST 100
5.24 CNY CNY CNY
40.78 EUR EUR EUR
37.92 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
46.25 TRY Interest Interest
74.48 USD Fossil Oil Fossil Oil
33.77 USD Silver Silver
5.04 USD Copper Copper
102.21 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,803.99 TRY Gold (gr) Gold (gr)

Iron and Steel Mines and Quarries Company reports slight dip in annual profits

The impressive profit figures are attributed to a combination of strategic cost management, increased production capacity, and favorable market conditions.

Iron and Steel Mines and Quarries Company reports slight dip in annual profits

The Iron and Steel Mines and Quarries Company has reported a slight decline in its net profit for the last fiscal year, according to its latest financial indicators. The company achieved a net profit of EGP 125.95 million from July 2023 to June 2024, a marginal decrease from the EGP 127.81 million recorded in the previous year.

Sales figures also saw a slight drop, with the company reporting EGP 305.51 million in sales for the last fiscal year, compared to EGP 309.92 million in the comparative period. Despite these declines, the company maintained steady performance in its monthly sales, achieving EGP 22.5 million in total sales for July 2024.

In a statement to the Stock Exchange, the company highlighted that the Bahariya Oasis mines contributed EGP 22.49 million to the July sales, while the Beni Khaled – Samalut quarries added approximately EGP 7,812.

The company remains optimistic about its future prospects, focusing on strategic initiatives to enhance operational efficiency and market competitiveness.

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