{"id":618551,"date":"2024-04-16T00:00:00","date_gmt":"2024-04-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/"},"modified":"2024-04-16T00:00:00","modified_gmt":"2024-04-16T00:00:00","slug":"ezz-steel-turns-to-losses-in-2023-despite-revenue-growth","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/","title":{"rendered":"Ezz Steel turns to losses in 2023 despite revenue growth"},"content":{"rendered":"

Ezz Steel ends 2023 in the red despite a jump in revenues: <\/strong>Steel giant Ezz Steel turned to losses in 2023 driven by FX exchange losses and falling domestic demand. The company reported net losses of EGP 717 mn for the year, compared to net income of EGP 6.6 bn in 2022, the company said in its latest financial<\/a>report<\/a>. Revenues increased 70% y-o-y to EGP 143 bn for the same period, up from EGP 84 bn in 2022.<\/p>\n

Exports almost doubled in 2023: <\/strong>Ezz Steel\u2019s exports reached a record USD 1.6 bn in 2023 \u2014the highest in Egypt\u2019s history for a manufacturing company and almost double 2022\u2019s USD 797 mn. The jump in exports was driven by hot rolled coil and reinforcing steel products. Meanwhile, domestic sales of both products fell y-o-y as Ezz Steel shifted its focus towards exports in 2023.<\/p>\n

FX complications drove losses: <\/strong>Ezz Steel recorded FX losses of EGP 30.9 bn in 2023, half of which were the result of arranging \u201cthe foreign currency component including the short-term USD banks\u2019 and suppliers\u2019 facilities,\u201d the statement said. The company raised the local prices of HRC and reinforcing steel to absorb the losses.<\/p>\n

But things are looking up post float:<\/strong> After a nation-wide decline in the construction industry in 2023, Ezz Steel sees national projects and real estate developments picking up in 2024 following the float of the EGP and the availability of FX through the banking system. Likewise, contrary to the previous year, Ezz Steel has already slashed the prices of its local rebar twice this year<\/a> on the back of a strengthening EGP. The company expects the EGP to strengthen further and has penciled in the USD falling to EGP 45, according to unconfirmed media reports<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Revenues rose on the back of record exports as the company moved away from domestic sales<\/p>\n","protected":false},"author":1,"featured_media":618552,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[317,409,72,589],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-618551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-commodities","tag-earnings-watch","tag-enterpriseam","tag-ezz-steel","wpautop","entry"],"acf":{"mongo_id":"1209f4f2-498e-4859-a860-b6f2436c59d7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/949.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ezz Steel turns to losses in 2023 despite revenue growth","related_issue":[618535],"teaser":"Revenues rose on the back of record exports as the company moved away from domestic sales","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.7d6f0015-227c-478b-a19c-7aff09662528.mp3"},"yoast_head":"\nEzz Steel turns to losses in 2023 despite revenue growth - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ezz Steel turns to losses in 2023 despite revenue growth\" \/>\n<meta property=\"og:description\" content=\"Revenues rose on the back of record exports as the company moved away from domestic sales\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ezz Steel turns to losses in 2023 despite revenue growth\",\"datePublished\":\"2024-04-16T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/\"},\"wordCount\":283,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?fit=%2C&ssl=1\",\"keywords\":[\"commodities\",\"earnings watch\",\"EnterpriseAM\",\"Ezz Steel\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/\",\"name\":\"Ezz Steel turns to losses in 2023 despite revenue growth - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-04-16T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ezz Steel turns to losses in 2023 despite revenue growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ezz Steel turns to losses in 2023 despite revenue growth - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/","og_locale":"en_US","og_type":"article","og_title":"Ezz Steel turns to losses in 2023 despite revenue growth","og_description":"Revenues rose on the back of record exports as the company moved away from domestic sales","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-04-16T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Ezz Steel turns to losses in 2023 despite revenue growth","datePublished":"2024-04-16T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/"},"wordCount":283,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?fit=%2C&ssl=1","keywords":["commodities","earnings watch","EnterpriseAM","Ezz Steel"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/","name":"Ezz Steel turns to losses in 2023 despite revenue growth - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?fit=%2C&ssl=1","datePublished":"2024-04-16T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/ezz-steel-turns-to-losses-in-2023-despite-revenue-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Ezz Steel turns to losses in 2023 despite revenue growth"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/949.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":633243,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/10\/ezz-steel-finishes-1q-2024-in-the-green-following-2023-losses\/","url_meta":{"origin":618551,"position":0},"title":"Ezz Steel finishes 1Q 2024 in the green following 2023 losses","author":"enterpriseam admin","date":"10 July 2024","format":false,"excerpt":"Revenues were up 80% y-o-y during the period","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/815.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643625,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/ezz-steel-sees-bottom-line-jump-fourfold-in-the-first-half-of-the-year\/","url_meta":{"origin":618551,"position":1},"title":"Ezz Steel sees bottom line jump fourfold in the first half of the year","author":"enterpriseam admin","date":"11 September 2024","format":false,"excerpt":"The company also responded to the EU\u2019s anti-dumping probe","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/815.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573438,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/05\/earnings-watch-centamin-mining-ezz-steel-juhayna-amer-group-mnhd-erc\/","url_meta":{"origin":618551,"position":2},"title":"Earnings Watch: Centamin Mining, Ezz Steel, Juhayna, Amer Group, MNHD, ERC","author":"enterpriseam admin","date":"5 August 2020","format":false,"excerpt":"EARNINGS WATCH- Centamin Mining pre-tax profits surge on rising gold prices, higher production: Centamin Mining\u2019s pre-tax profits soared by 221% during the first half of the year as the company ramped up production from its Sukari mine and gold prices rose. Pre-tax profits rose to USD 191 mn during the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567607,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/hdb-9m-np-down-4-al-ezz-dekheila-steel-losses-grow\/","url_meta":{"origin":618551,"position":3},"title":"HDB 9M NP down 4%, Al Ezz Dekheila Steel losses grow","author":"enterpriseam admin","date":"1 December 2020","format":false,"excerpt":"The Housing and Development Bank\u2019s (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\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554827,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/earnings-season-still-going-strong-ezz-steel-ode-amoc-prime-holding-rcc-and-b-investments-report-results\/","url_meta":{"origin":618551,"position":4},"title":"Earnings season still going strong: Ezz Steel, ODE, AMOC, Prime Holding, RCC, and B Investments report results","author":"enterpriseam admin","date":"15 November 2021","format":false,"excerpt":"Ezz Steel posted a net income of EGP 1.4 bn in 3Q2021, after seeing a loss of EGP 1.3 bn in the third quarter of last year, according to the company\u2019s consolidated financials (pdf). Revenues also rose to EGP 18.6 bn in the third quarter, compared with EGP 8.6 bn\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602167,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/earnings-watch-efg-hermes-and-al-ezz-dekheila-steel-report-2018-results\/","url_meta":{"origin":618551,"position":5},"title":"Earnings watch: EFG-Hermes and Al Ezz Dekheila Steel report 2018 results","author":"enterpriseam admin","date":"20 March 2019","format":false,"excerpt":"EARNINGS WATCH- EFG Hermes is proposing an EGP 0.65 \/ share dividend for FY2018 pending approval of the financial service corporation\u2019s shareholders, the company said as it announced its 2018 earnings (pdf). The group reported net profit of EGP 1 bn on revenues of EGP 4.3 bn. Notably, its non-bank\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/618551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=618551"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/618551\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/618535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/618552"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=618551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=618551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=618551"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=618551"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=618551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}