Ezz Dekheila Steel Says H1 Net Profit 23% Higher

Al Ezz Dekheila Steel Co. – Alexandria (IRAX.CA) announced its consolidated financial statements for the first half of 2012 reporting a net profit of EGP 69 million, 23% up from the year earlier net profit of EGP 56 million.

Total long term assets dropped to EGP 110.575 billion during H1/2012, compared to EGP 110.656 billion during H1/2011. Total investments fell to EGP 8.207 billion, compared to EGP 8.398 billion.

Meanwhile, standalone financial statements revealed a net profit of EGP 214 million for H1/2012, compared to EGP 64 million for H1/2011.