Ezz Dekheila Steel Says Net Profit 13% Down; H1/12
Al Ezz Dekheila Steel Co. – Alexandria (IRAX.CA) reported a net profit of EGP 232.537 million during the first half of 2012, 13.1% down compared to EGP 267.597 million a year earlier.
Net sales hiked by EGP 7.722 in H1/2012, compared to EGP 7.348 million in H1/2011.
Gross profit – after excluding the cost of sales – dropped to EGP 806.227 million in H1/12, compared to EGP 959.883 million in H1/11.
Operating profits – after excluding total expenses – dipped to EGP 676.918 million in H1/12, compared to EGP 849.264 million in H1/11.
Basic earnings per share hit EGP 23.95 in H1/12, compared to EGP 24.12 in H1/11.
On Standalone profits, Al Ezz Dekheila’s standalone net profit hiked by 15.4% to EGP 436.964 million in H1/12, compared to EGP 378.758 million in H1/11.
