HDB 9M NP down 4%, Al Ezz Dekheila Steel losses grow

The Housing and Development Bank’s (HDB) consolidated NP fell 3.3% y-o-y in 9M2020, to EGP 1.66 bn from EGP 1.71 bn, according to an EGX disclosure (pdf). Revenues were down 11% y-o-y to EGP 4.3 bn.

Al Ezz Dekheila Steel reported consolidated net losses of EGP 1.2 bn in 3Q2020, widening its losses from EGP 995 mn in 3Q2019, but unchanged from 2Q2020, according to its latest earnings (pdf). Sales revenue fell 4.3% y-o-y to EGP 7.7 bn in the third quarter.