Egypt’s Iron and Steel for Mines and Quarries (ISMQ) reported a 42.9pct YoY decline in net profit after tax to EGP 398.3 mln (USD 7.9 mln) in H1 2026, from EGP 698.0 mln (USD 13.9 mln) a year earlier.
The company’s sales fell 32.3pct YoY to EGP 916.5 mln (USD 18.2 mln) from EGP 1.35 bln (USD 27.0 mln).
ISMQ, a subsidiary of Egyptian Iron and Steel (Hadisolb), operates a 1.3 mln tons per annum iron ore concentration plant and supplies processed iron ore products to the domestic market.
1 USD / 50.5 EGP