Ezz Steel earnings rise 1.5% for Q4 2011
Apr 10, 2012 | 07:03 AM
Ezz Steel saw earnings rise 1.5% in the fourth quarter of 2011, Metal Bulletin calculations show, despite a fall in net sales against the same period the previous year.
The Middle East’s largest independent steel producer saw earnings before interest, taxes, depreciation and amortisation (Ebitda) rise to EG£540 million ($87.9 million) from EG£532 million in the third quarter.
This comes as the 12-month consolidated results for 2011 were published on Tuesday April 10, and saw Ebitda rise by15.6% to EG£2.44 billion for the year from EG£2.11 million in 2010.
Sales for the last three months of the year fell....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.