Egypt’s Iron & Steel for Mines & Quarries (ISMQ) reported a net profit after tax of EGP 229.3 mln (USD 4.42 mln) for the first nine months of fiscal year 2025/26, down 47pct from EGP 432.0 mln recorded in the corresponding period of the previous fiscal year.
The company’s revenue also declined to EGP 530.7 mln (USD 10.2 mln) during the July 2025-March 2026 period, compared with EGP 834.7 mln a year earlier.
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 / 51.8 EGP