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Egyptian steel producer Ezz Steel incurs higher consolidated losses year-on-year in the first quarter of the fiscal year 2017/2018, Invest-Gate reports.
Egyptian steelmaker Ezz Steel achieved consolidated net profits of EGP 560.15 mn during the fiscal year ending on December 31, 2016, against net losses of EGP 603.3 mn a year earlier, Invest-Gate reports.
Ezz Steel, a leading steel producer in the Middle East, is eyeing exports ranging between USD 500 mn and USD 700 mn in 2017, Invest-Gate reports.