Update 18/04/2024 10:25 CLT
Ezz Steel (ESRS) shares extend rally, climbing to EGP 68.80/share amidst the fiscal year 2023 earnings release, Ezz Steel shares display a +18% increase since the earnings announcement (price calculated based on April 8, 2024, closing price and current prices as of April 18, 2024, 10:25 CLT).
Main insight 16/4/2024
Ezz Steel Shares Surge for Second Consecutive Day Following Release of FY 2023 Financial Earnings, Despite Net Loss of EGP 716 Million Compared to EGP 6.64 Billion Net Profit in Prior Year. EZZ Steel Stock Soars to EGP 65 per Share as of 10:31 CLT, April 16, 2024 Session, Demonstrating a +12% Gain Since Earnings Announcement (Price Calculated Based on Closing Price of April 8, 2024, and Current Prices).
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