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17 articles for Al Ezz Dekheila Steel Company
ESRS & IRAX 3Q21| Another strong quarter bolstered by robust prices
Ezz Steel released a positive set of 3Q21 results further supporting FY21 profitability. ESRS achieved EGP897 million of attributable profits during the quarter versus EGP929 million of losses in 3Q20 and +12% QoQ. Net profit before minority interest...
Zeyad Ahmed @ Al Ahly Pharos Securities Brokerage 16 November 2021
ESRS & IRAX 2Q21 – Soaring prices solidifies profitability
Ezz Steel released a robust set of 2Q21 results showing strong profitability for the second quarter in a row. Ezz Steel's consolidated revenue recorded EGP16.9 billion (vs our estimates of EGP16.4 billion) and (+140% YoY and 25% QoQ). This was driven...
Zeyad Ahmed @ Al Ahly Pharos Securities Brokerage 9 August 2021
Ezz Steel & Al Ezz Dekheila Steel: Strong prices bolster performance
Ezz Steel has finally shifted to profitability on the bottom-line level in 1Q21 an occasion that hasn’t occurred since 4Q2016 when the company benefited from the devaluation of the EGP. We expect FY21 to witness further improvements in the topline dr...
Zeyad Ahmed @ Al Ahly Pharos Securities Brokerage 17 June 2021
Al Ezz Dekheila Steel: Topline and margins recover; finance and tax charges pressure bottom-line
Attributable net losses recorded EGP1,190 million in 4Q20 compared to EGP3,994 million in 4Q19 (Due to restructuring costs) and EGP1,182 million in 3Q20. IRAX reported 4Q20 consolidated revenue of EGP10,962 million, +32.8% YoY and +42.5% QoQ. The top...
Zeyad Ahmed @ Al Ahly Pharos Securities Brokerage 29 March 2021
Flash Report /
Egypt
Ezz Steel: Management webinar key takeaways
The steel industry has been suffering a lot in the past few years starting from 2017 after China exported c.115 million tonnes of steel in the global markets, The USA responded at the time by taking serious protective measures against Chinese steel a...
Zeyad Ahmed @ Al Ahly Pharos Securities Brokerage 21 January 2021
Al Ezz Dekheila Steel: 3Q20| Topline recovers sequentially; Margins turn green
IRAX reported 3Q20 consolidated revenue of EGP7,692 million, down 3.9% YoY, but up 25.2% QoQ. The company saw quicker top-line recovery than expected, which was driven by c. 36% sequential improvement in total volumes sold and an uptick in prices. LB...
Zeyad Ahmed @ Al Ahly Pharos Securities Brokerage 30 November 2020
Details
Egypt
Africa
Transportation
About
EL Ezz Aldekhela Steel Alexandria produces steel reinforcing bars and rods and hot rolled coils. The Company operates a rolling mill, a steel making plant and a reduction plant and has offices in Giza and Alexandria. The company sells its products in Egypt and exports elsewhere in the Middle East and to North America, the Far East and Europe.
