Egypt’s Iron & Steel for Mines & Quarries (ISMQ) posted a sharp rise in earnings for the first quarter of FY26, driven by higher revenues.
The company’s net profit surged to EGP 80.49 mln (USD 1.69 mln), up from EGP 23.75 mln in the same period last year. Revenue also saw a significant jump to EGP 213 mln (USD 4.48 mln), compared with EGP 84.2 mln a year earlier.
ISMQ, a subsidiary of Egyptian Iron and Steel (Hadisolb), operates a 1.3 mln tons per annum iron concentration unit.
1 USD / 47.4 EGP
