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Ezz Steel posts 16% fall in Q2 profits
- Egypt: Thursday, October 18 - 2012 at 05:51
Egypt-based Ezz Steel has posted a 16% decline in net profit for the second quarter, as the country's largest steel producer grappled with persistent economic weakness since last year's popular uprising, Reuters has reported. Net income for the three-month period was EGP142.43m ($23.34m), down from EGP168.64m a year earlier.
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