Egyptian Iron and Steel reports revenues rise

Egyptian Iron and Steel reports revenues rise

Egyptian Iron and Steel reports revenues rise The liquidation of EISC is a final decision and the Public Business Sector Ministry's priority is to compensate the workers within three months    ArabFinance: The liquidation of Egyptian Iron and Steel (EISC) reported revenues of EGP 554,877,000 in the July-December period of 2020, according to the company statement filed to the Egyptian Exchange.The liquidation of EISC is a final decision and the Public Business Sector Ministry's priority is to compensate the workers within three months, Minister Hisham Tawfik said.Liquidating the establishment will be completed after the company's workers are compensated, Shorouk News cited Tawfik as saying.The listed company suffered a net loss after tax of EGP 274.48 million during the 3 months period between July and September.Egyptian Iron and Steel, an affiliated company of HCMI, is an Egypt-based public shareholding company engaged in the exploitation, production, and trade of iron and steel products. The company provides two product segments, major products, and other Products.Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).Zawya Coveragereal estateEgypt's SODIC gross contract sales grows 2% to $471mlnretailCOVID-19 violations: Dubai shuts down department store; fines 28 establishmentstelecommunicationsSaudi's Al-Babtain Power announces 10%