EZZ Dekheila Posts Highest Gains Despite Political Unrest

Egypt’s Al Ezz Dekheila Steel Co.- Alexandria (IRAX) has posted record-breaking profits in 2011, shrugging off the country’s political unrest and troubled economy.

The company, a unit of Ezz Steel, said its net income climbed an annual 4% to EGP 697 million, while revenues rose 11% to EGP 14 billion in 2011.

“The company saw its highest profits in history despite all the troubles in 2011,” sales director at Ezz Steel Samir Nomani told Al Ahram.