Ezz Steel SAE (ESRS)

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News

29 July 2024 03:11 PM Egypt’s steel rebar production surges 37% in H1-24

Cairo – Mubasher: Egypt’s production of steel rebar hiked by 37% year-on-year (YoY) to 4.15 million tonnes in the first half (H1) of 2024. The production growth was backed by the availability of the dollar currency and companies' tendency to …

Sector Reports

10 July 2024 00:48 PM Ezz Steel swings to consolidated profit in Q1-24

Cairo – Mubasher: Ezz Steel shifted to a consolidated net profit after tax of EGP 1.26 billion during the first quarter (Q1) of 2024, compared to a net loss of EGP 2.48 billion in the corresponding period a year earlier. Consolidated net sales …

Financial Results

15 April 2024 04:23 PM Ezz Steel swings to consolidated loss in 2023

Cairo – Mubasher: Ezz Steel turned to a consolidated loss during 2023, recording a net loss after tax of EGP 716.53 million, compared to a net profit of EGP 6.64 billion a year earlier. Consolidated net sales surged to EGP 142.91 billion last year …

Financial Results

24 January 2024 10:16 AM Act Financial cuts stake in Ezz Steel for EGP 128m

Cairo – Mubasher: Act Financial lowers its equity ownership in Ezz Steel to 0.51% from 0.78%, according to a bourse statement. Act Financial sold 1.45 million shares in the EGX-listed firm at a value of EGP 128.10 million and an average price of …

Companies Investments

18 October 2023 11:18 AM Ezz Steel swings to losses in H1-23; consolidated sales hit EGP 62.26bn

Cairo – Mubasher: Ezz Steel shifted to consolidated net losses after tax amounting to EGP 809.77 million in the first half (H1) of 2023, against net profit of EGP 4.12 billion in H1-22, including minority interest. The EGX-listed firm generated …

Financial Results

9 July 2023 03:27 PM Ezz Steel turns to net losses in Q1-23 financial results

Cairo – Mubasher: Ezz Steel turned to consolidated net losses after tax attributable to the owners amounting to EGP 1.66 billion in the first quarter (Q1) of 2023. The incurred net losses were against net profits valued at EGP 758.85 million in …

Financial Results

4 April 2023 01:41 PM Ezz Steel registers EGP 6.64bn consolidated profits in 2022

Cairo – Mubasher: Ezz Steel generated EGP 6.64 billion in consolidated net profit after tax in 2022, an annual surge from EGP 5.39 billion, including non-controlling equity. The firm reported a hike in sales to EGP 83.98 billion last year from EGP …

Financial Results

1 December 2022 00:25 PM Ezz Steel’s profits soar 52% in 9M-22

Cairo – Mubasher: The consolidated financial statements of Ezz Steel showed a 52% annual increase in net profits at EGP 5.70 billion, from EGP 3.75 billion, including minority shareholders’ rights. Basic earnings per share (EPS) reached EGP 6.91 …

Financial Results

11 September 2022 11:38 AM Ezz Steel’s profits surpass EGP 4bn in H1-22

Cairo – Mubasher: Ezz Steel has generated EGP 4.13 billion in its consolidated profits during the first half (H1) of 2022, a surge of 72.30% when compared to EGP 2.39 billion in H1-21, including minority shareholders’ rights. Earnings per share …

Financial Results

5 June 2022 05:05 PM Ezz Steel sees higher consolidated profits in Q1-22

Cairo – Mubasher: Ezz Steel has reported consolidated net profits after tax worth EGP 1.21 billion in the first quarter (Q1) of 2022, higher than EGP 1.18 billion in Q1-21. Sales amounted to EGP 18.64 billion in Q1-22, up from EGP 13.49 billion …

Financial Results

15 November 2021 10:41 AM Ezz Steel turns to profitability in 9M

Cairo - Mubasher: The consolidated financials of Ezz Steel have recorded EGP 3.75 billion profits during the first nine months of 2021, against EGP 4.11 billion net losses in the year-ago period, including minority shareholders' rights. The …

Financial Results

7 November 2021 00:13 PM Ezz Steel comments on reports on acquiring stake in steel firm

Cairo – Mubasher: Ezz Steel responded to news reports about its intention to acquire a stake in one of the existing iron and steel companies. In a bourse disclosure on Sunday, the largest steel manufacturer in Egypt and the Arab world said it …

Mergers and Acquisitions

31 October 2021 06:10 PM EGX-listed firms reveal impact of gas price hike on operations

By: Heba El-Kordy Cairo – Mubasher: Companies operating in the production of iron, cement, and fertilisers disclosed to the Egyptian Exchange (EGX) the impact of the government's decision to increase natural gas prices for factories by about 28% …

Company News

19 October 2021 00:09 PM Ezz Steel's exports exceed $1bn in nine months

Cairo – Mubasher: Ezz Steel said that its total exports during the first nine months of 2021 reached $1.013 billion.  Exports amounted to $597 million in the first half (H1) of 2021 and $416 million in the third quarter (Q3) of the year, according …

Company News

9 August 2021 00:38 PM Ezz Steel turns profitable in H1-21

Cairo - Mubasher: Ezz Steel turned to net profits of EGP 2.39 billion in the first half (H1) of 2021, versus net losses of EGP 2.77 billion in H1-20, including minority shareholders' rights.  The sales surged to EGP 30.42 billion in the six-month …

Financial Results

17 June 2021 11:48 AM Ezz Steel's exports hit $269m in Q1-21

Cairo – Mubasher: The total exports of Ezz Steel jumped by 47% year-on-year (YoY) to $269 million during the first quarter (Q1) of 2021, compared to $183 million. These exports comprise $208 million in flat steel and $61 million in coiled rebar, …

Financial Results

7 June 2021 05:27 PM Ahmed Ezz raises stake in Ezz Steel

Cairo – Mubasher: The Egyptian businessman Ahmed Abdel Aziz Ezz has raised his stake in Ezz Steel to 65.7% from 32%. Ezz purchased 181.51 million shares, including global depositary receipts, owned by Al Ezz Holding Group Industry and Investment, …

Insider Trading & Treasury Stocks

7 June 2021 00:23 PM Ezz Steel sees EGP 1.68bn block-trading deal

Cairo – Mubasher: The Egyptian Exchange (EGX) announced the execution of a block-trading deal on the shares of Ezz Steel. The transaction involved the trading of 181.51 million shares for a total value of EGP 1.68 billion, the EGX said in a …

Insider Trading & Treasury Stocks

18 May 2021 11:33 AM Ahmed Ezz ups stake in Ezz Steel for $81m

Cairo – Mubasher: The Egyptian businessman Ahmed Abdel Aziz Ezz has raised his stake in Ezz Steel to 32.29% from 27.3%. Ezz purchased 9.039 million global depositary receipts, equivalent to 27.11 million local shares owned by Al Ezz Holding Group …

Insider Trading & Treasury Stocks

4 April 2021 10:39 AM Ezz Steel's loss narrows to EGP 4.68bn in 2020

Cairo – Mubasher: Ezz Steel incurred consolidated net losses of EGP 4.68 billion in 2020, down by 42.2% year-on-year (YoY) from EGP 8.11 billion, including minority shareholders’ rights. The losses attributable to the parent company’s shareholders …

Financial Results

8 December 2020 10:55 AM Ezz Steel suffers EGP 4.11bn loss in 9M

Cairo – Mubasher: The consolidated financial statements of Ezz Steel showed net losses of EGP 4.11 billion in the first nine months of 2020, down by 4.8% from EGP 4.321 billion in the year-ago period, including minority shareholders’ rights. The …

Financial Results

1 October 2020 11:35 AM Ezz Steel incurs EGP 2.77bn loss in H1

Cairo – Mubasher: The consolidated financial statements of Ezz Steel showed net losses of EGP 2.77 billion in the first half (H1) of 2020, up by 12.22% year-on-year (YoY) from EGP 2.46 billion, including minority shareholders’ rights. Sales …

Financial Results

4 August 2020 11:09 AM Ezz Steel’s loss narrows to EGP 860m in Q1-20 initial results

Cairo – Mubasher: The unaudited consolidated financial results of Ezz Steel showed a 20% year-on-year (YoY) drop in its net losses to EGP 860 million during the first quarter (Q1) of 2020 from EGP 1.08 billion, including minority shareholders’ …

Financial Results

14 June 2020 00:56 PM Ezz Steel’s loss widens to EGP 7.9bn in 2019 initial results

Cairo – Mubasher: The unaudited consolidated financial results of Ezz Steel showed a 674.5% year-on-year increase (YoY) in its net losses to EGP 7.9 billion in 2019 from EGP 1.02 billion. The steel manufacturer generated EGP 45.71 billion in sales …

Financial Results

1 June 2020 00:41 PM EGX warns 8 listed firms of trading suspension

Cairo – Mubasher: The Egyptian Exchange (EGX) warned that trading on eight listed companies will be suspended if they fail to submit their financial statements for 2019 after the end of the new 45-day reporting period deadline. Companies that face …

Trading Activities