Egypt’s Ezz Steel posts 2015 net loss of $47 mln

Egypt’s Ezz Steel posted a full year net loss of 418.03 million Egyptian pounds ($47 million) in 2015, compared with a 696.56 million pound loss reported the year before.

The company’s sales fell to 16.641 billion Egyptian pounds in 2015 compared to 19.398 billion a year earlier, the company said in a statement on Thursday.

source: Reuters