Ataqa generates $1.27mln profits in Q1-24

Revenues amounted to EGP 1.01 billion in Q1-24, higher year-on-year (YoY) than EGP 399.50 million, according to the financial results

Staff Writer, Mubasher

May 30, 2024

PHOTO

The net profits after tax of Misr National Steel (Ataqa) plunged to EGP 60.91 million in the first quarter (Q1) of 2024 from EGP 128.81 million.

Revenues amounted to EGP 1.01 billion in Q1-24, higher year-on-year (YoY) than EGP 399.50 million, according to the financial results.

The basic earnings per share (EPS) dropped to EGP 0.05 as of 31 March from EGP 0.10 in Q1-23.

Total assets stood at EGP 3.55 billion in Q1-24, versus EGP 2.46 billion at the end of December 2023.

In 2023, Ataqa posted higher net profits after tax at EGP 734.86 million, compared to EGP 234.72 million a year earlier.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO