Ezz Steel 'back on track'

Egypt: Ezz Steel, Egypt’s largest steel producer, has said revenues for the first quarter of the current year jumped 7% to EGP5.5bn compared with the same quarter of last year, Ahram has reported. Net profits after tax and minority interest for the quarter surged to EGP202m, compared with EGP18m in the same quarter of 2012. “Ezz Steel is back on track with the implementation of our strategic industrial vision, that has been the key for our success over the past 20 years,” said chairman and managing director of Ezz Steel, Paul Chekaiban. [AMEInfo.com]

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