Mixed figures
During Q3 2016, Ezz Steel recorded revenues amounting to EGP5.917bn, a considerable enhancement compared to the EGP3.505bn recognized a year ago. The cost of sales also jumped by 57.5% yoy to reach EGP5.278bn, representing 89.2% of total sales compared to 95.6% last year. The gross margin improved by 643 basis points to stand at 10.8%. The net result moved from EGP-172.359m in Q3 2015 to EGP-187.721m in Q3 2016, i.e a fall of 8.9%.Ezz Steel’s 9M 2016 revenues amounted to EGP14.920bn, an important rise of 16.9% yoy.
AL Ezz Steel Rebars is an independent producer of steel in the Middle East and North Africa region which is based in Egypt. Co. produces long and flat products at its manufacturing facilities located in the port cities of Alexandria and Suez and in the Egyptian interior at Sadat City and 10th of Ramadan City and sells them to customers around the world. Co.'s long products consist principally of rebars and wire rods and are used for strengthening concrete in building and other construction applications. Co.'s flat products consist of hot rolled coil, which are thin gauge sheets manufactured to precise specification for makers of consumer goods and industrial products.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.