Earnings watch: Ezz Steel reports 1H 2019 results

EARNINGS WATCH- Ezz Steel has reported a consolidated net loss of EGP 2.47 bn in 1H 2019, compared to a EGP 148.5 mn profit during the same period the previous year, according to the company’s financial statement (pdf). Top line net sales increased marginally y-o-y, recording EGP 25.9 bn during the first six months of the year, up from EGP 25.5 bn in 1H2018.