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Egypt's Ezz El-Dekheila hits whopping profits rise in 9m/2013 EZDK, a subsidiary of Ezz Steel, saw a profits rise of 218 percent in the first nine months of the year, compared to the same period last year
Egypt's Ezz El-Dekheila (EZDK) —a unit of Ezz Steel—hit a whopping 218 percent rise in profits of the first nine months of 2013 compared to the same period of the year before, a statement sent to the Egyptian Bourse revealed Sunday. According to the statement, EZDK saw consolidated profits worth LE789.8 million ($113.8 million) in the period between January and September 2013. Ezz Steel, Egypt's largest steel producer, holds a 55 per cent stake in EZDK. http://english.ahram.org.eg/News/90308.aspx