Ezz Steel reports consolidated loss of EGP 1.28 bn in 1Q2019

EARNINGS WATCH- Ezz Steel has reported a consolidated net loss of EGP 1.28 bn in 1Q2019, compared to a EGP 184 mn profit during the same period the previous year, according to the company’s financial statement (pdf). Top line net sales were effectively unchanged over the year, recording EGP 12.62 bn during 1Q2019, up slightly from EGP 12.61 bn the year before.