27
Oct
00:00
Hadisolb sees loss widen, refutes capital increase
State-owned flat steelmaker Egyptian Iron and Steel Co. (Hadisolb) reported its net loss widened 11% year-on-year in the fiscal year (FY) ending 30 June to EGP 962.2 million ($134.6m). The company’s estimated budget for the current FY targets a net loss of EGP 315.35m, Kallanish learns.
The producer has also refuted media reports suggesting it approached Egypt’s investment ministry for a capital injection of EGP 1 billion through the stock market…
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Anonymous
Very good overview of the weekly steel market.
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