Cairo - Mubasher: Iron and Steel for Mines and Quarries signed a settlement deal with the Egyptian Chemical Industries (Kima) to end a dispute over a land plot in Aswan. 

Under the deal, a 64,825-square-metre (sqm) land plot and a 10,000-sqm land plot will be owned by Kima, while the ownership of a land plot over an area of 45,000 sqm will be transferred to Iron and Steel for Mines and Quarries, according to a bourse disclosure on Sunday. 

During the April-June period, Iron and Steel for Mines and Quarries achieved EGP 23.33 million in sales. 

During the first nine months of fiscal year (FY) 2020/2021, Kima turned to net losses of EGP 1.02 billion, against net profits of EGP 42.915 million in the year-ago period.