HADISOLB’s Losses Surge To EGP 311 Mln In 2012

Egyptian Iron & Steel Co. – HADISOLB – (IRON.CA) announced its financial results for the course of 2012 reporting a net loss of EGP 311.571 million, compared to a net loss of EGP 290.166 million a year ago representing an increase of EGP 21.405 million.

HADISOLB attributed the higher losses in 2012 to a number of factors mainly the decline in activities revenues and the growing expenses.