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Ezz Steel swings to net loss in Q3 2012
- Egypt: Saturday, March 02 - 2013 at 00:30
Egypt's largest steel producer, Ezz Steel has posted a net loss of EGP110.05m ($16.33m) for the third quarter, compared with a net profit of EGP264.73m in the same quarter in 2011, Reuters has reported. Sales fell to EGP4.538bn in the third quarter, from EGP4.83bn in the same period a year earlier. The firm's nine-month net profit also fell to EGP95.56m from EGP449.49m in the same period a year earlier.
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