The following Data represents the consolidated financial sheets for the first half of the financial year 2023 for EZZ Steel - ESRS, and the stock performance YTD
First Half Net Profit 2023
ESRS earning out for the first half of 2023 with a net loss of EGP -809 million Vs. EGP 4.12 billion profits for the same period of 1H222
Second Quarter Net Profit 2023
The second quarter of 2023 came in positive EGP +1.67 billion Vs. EGP 2.91 billion for the same period of 2022
First Half Net Sales 2023
Sales up +61.7% recording EGP 62 billion for 1H23 Vs. EGP 38 billion 1H22
Second Quarter Net Sales 2023
sales up +73% recording EGP 34 billion for 2Q23 Vs. EGP 19 billion 2Q22
First Half FX 2023
FX Losses EGP -13 billion for 1H23 Vs. EGP -1.12 billion 1H22
Second Quarter FX 2023
FX Losses EGP -4.2 billion 2Q23 Vs. EGP 6.6 million 2Q22
EZZ Steel - ESRS Outperforms EGX30, Shares Surge +187.7% YTD, Beating Market Growth
EZZ Steel (ESRS) has exhibited an impressive performance, with its shares skyrocketing by +187.7% year-to-date, starting from EGP 23.25/share as of December 29, 2022, and closing at EGP 66.90/share in today's session on October 17, 2023, outpacing the EGX30 index, which surged by 51.2% YTD٫
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