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17 Nov
15:27

Hadisolb says Alexandria warehouses undamaged by floods

Egyptian Iron & Steel Company (Hadisolb)’s steel warehouses in Alexandria have sustained no damage from the recent flooding brought on by heavy rain, the firm says in a stock exchange filing. The warehouses store finished product allocated to local and export sales, as well as imported feedstock. Hadisolb reported a revised net loss of EGP 760.6 million ($94.7m) in the fiscal year through June. The company’s shareholders agreed to continue operat…
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