Arab Finance: Company announced Iron and Steel for Mines and Quarries (ISMQ) Achieving total sales during the month of July 2024 amounting to 22,501,139 pounds, and sales of Bahariya Oasis mines during July amounted to 22,493,327 pounds, according to statement Egyptian Stock Exchange.
She added that the sales value of the Beni Khaled-Samalut quarries recorded about 7,812 pounds.
Regarding the results of its unaudited work for the financial year ending on 06/30/2024, it revealed that it achieved a net profit amounting to 127,490,397 pounds, compared to profits amounting to 127,812,055 pounds during the comparative period of the previous fiscal year, according to statement Egyptian Stock Exchange.
The Iron and Steel Company for Mines and Quarries is an Egyptian joint stock company with a legal status affiliated with the Holding Company for Mineral Industries – Ministry of Public Business Sector, for the purpose of extracting and exploiting iron ore and all other mineral ores and quarry ores, trading in them internally and externally, and conducting economic feasibility studies for mineral ores in research areas and mining projects inside Egypt. And outside of it, in addition to exploiting the company’s operating areas commercially, industrially, agriculturally, and touristically, with the intention of making a profit.
The Iron and Steel Company for Mines and Quarries works in the fields of geological exploration and optimal mining investment for various mining and quarry ores for the company’s current concession areas and other new areas. The company also explores and exploits other ores in new discoveries, improves their specifications, prepares economic feasibility studies, and trades them through new mining projects at the local or regional level, either alone or in partnership with relevant local or international institutions and companies.
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