Ezz Steel FX Losses Projection
- kariemryad
- Mar 2, 2023
- 1 min read
*Prices as 2/3/2023 session 12:20 pm CLT
Ezz Steel announced its expected FX losses for the financial year 2022 and Q1 2023, according to a release sent to the EGX today.
The company expects to record a consolidated FX loss of EGP 3.043 bn for Q4/2022 based on the FX rates as of 31 December 2022, and EGP 5.281 bn for Q1\2023
Ezz Steel recorded a net profit of 9M/2022 EGP 5.708 bn Vs. EGP 3.760 bn 9M/2023, but full years numbers aren't yet out.
Ezz Steel Recorded a new 52-week high price during today's session reaching EGP 30/share.
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