Impressive sales and profits soar in fiscal year 2023

In a notable financial report, the Egyptian Iron and Steel Company for Mines and Quarries disclosed robust figures for October and the fiscal year 2023. October's total sales reached 28.29 million pounds, primarily driven by the impressive sales of 28.23 million pounds from Bahariya Oasis mines, while Bani Khaled-Samalut quarries recorded 55.84 thousand pounds in sales.

For the fiscal year ending in June 2023, the company reported a substantial profit of 127.81 million pounds, with overall sales and revenues soaring to an impressive 309.92 million pounds. Profits after taxes for the period from July to March stood at 97.76 million pounds, showcasing the Egyptian Iron and Steel Company's solid financial performance and strategic business growth.