{"id":629782,"date":"2018-04-01T03:45:36","date_gmt":"2018-04-01T03:45:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ezz-benefited-from-improved-gas-supplies-currency-availability\/"},"modified":"2018-04-01T03:45:36","modified_gmt":"2018-04-01T03:45:36","slug":"ezz-benefited-from-improved-gas-supplies-currency-availability","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ezz-benefited-from-improved-gas-supplies-currency-availability\/","title":{"rendered":"Ezz benefited from improved gas supplies, currency availability"},"content":{"rendered":"

Ezz Steel benefited in 2017 from improved natural gas and electricity supplies for its DRI plants and steel works, but lack of funds and higher costs limited performance, Platts reports<\/a>. Foreign currency was also readily available, Chairman and CEO Paul Chekaiban says.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ezz Steel benefited in 2017 from improved natural gas and electricity supplies for its DRI plants and steel works, but lack of funds and higher costs limited performance, Platts reports. 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The company reported losses of EGP 1.1 bn in 1Q2020. CORRECTION- 27 September 2020\u00a0 An earlier version of this story\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":571657,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/al-ezz-dekheila-steel-in-talks-with-local-banks-for-egp-3-bn-loan-to-finance-working-capital\/","url_meta":{"origin":629782,"position":3},"title":"Al Ezz Dekheila Steel in talks with local banks for EGP 3 bn loan to finance working capital","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"Al Ezz Dekheila Steel is in talks with local banks for an EGP 3 bn facility to finance working capital, Al Shorouk reports, quoting unnamed banking sources; the facility would reportedly include a USD 100 mn foreign currency tranche.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567865,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/09\/ezz-steel-losses-narrow-to-egp-1-3-bn-in-3q2020\/","url_meta":{"origin":629782,"position":4},"title":"Ezz Steel losses narrow to EGP 1.3 bn in 3Q2020","author":"enterpriseam admin","date":"9 December 2020","format":false,"excerpt":"Ezz Steel reported consolidated net losses of EGP 1.34 bn in 3Q2020, narrowing losses from EGP 1.85 bn in 3Q2019, according to its latest earnings (pdf). Sales revenue fell 7.7% y-o-y to EGP 8.6 bn during the three-month 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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648753,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/earnings-watch-ezz-steel-releases-fy2016-results\/","url_meta":{"origin":629782,"position":5},"title":"Earnings watch: Ezz Steel releases FY2016 results","author":"enterpriseam admin","date":"11 April 2017","format":false,"excerpt":"EARNINGS WATCH- Al Ezz Dekheila Steel reported a net profit of EGP 91 mn in 2016, compared with a net loss of EGP 263 mn in 2015, according to filing with the EGX. The company\u2019s sales grew 26.9% in 2016 to EGP 13.51 bn. 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