The company added in a statement to the Egyptian Stock Exchange (EGX), Sunday, that its sales declined to LE 45.71 billion, compared to LE 49.116 billion in 2018.
Steel tycoon and politician Ahmed Ezz, known for his Mubarak-era corruption and embezzlement cases, is our spotlight guest.
The company's liquidity stood at LE 5.02 billion, while net debts reached LE 18.9 billion.
EGX closed Wednesday’s session in the red, hurt by the Arab and foreign sales. Total turnover dropped to LE 733.6 million from LE 1.3 billion achieved Tuesday.
Egypt’s aggregate earnings are likely to rise by 46 percent year-on-year to LE 11.6 billion in the second quarter of 2017.