Home The WatchIndices news EZZ Dekheila Posts Highest Gains Despite Political Unrest

EZZ Dekheila Posts Highest Gains Despite Political Unrest

by Yomna Yasser

Egypt’s Al Ezz Dekheila Steel Co.- Alexandria (IRAX) has posted record-breaking profits in 2011, shrugging off the country’s political unrest and troubled economy.

The company, a unit of Ezz Steel, said its net income climbed an annual 4% to EGP 697 million, while revenues rose 11% to EGP 14 billion in 2011.

“The company saw its highest profits in history despite all the troubles in 2011,” sales director at Ezz Steel Samir Nomani told Al Ahram.

You may also like

Leave a Comment