Advertisement
UK markets open in 1 hour 27 minutes
  • NIKKEI 225

    38,287.97
    +13.92 (+0.04%)
     
  • HANG SENG

    18,172.44
    +409.41 (+2.30%)
     
  • CRUDE OIL

    79.46
    +0.46 (+0.58%)
     
  • GOLD FUTURES

    2,324.90
    +13.90 (+0.60%)
     
  • DOW

    37,903.29
    +87.37 (+0.23%)
     
  • Bitcoin GBP

    45,705.32
    -2,132.68 (-4.46%)
     
  • CMC Crypto 200

    1,258.91
    -80.15 (-5.98%)
     
  • NASDAQ Composite

    15,605.48
    -52.34 (-0.33%)
     
  • UK FTSE All Share

    4,418.60
    -11.65 (-0.26%)
     

Egypt's Ezz Steel posts Q1 2015 net loss of $17 million

A worker operates a furnace at a factory belonging to Ezz Steel, Egypt's largest steel producer, at an industrial complex in Sadat City, 94 km (58 miles) north of Cairo, April 17, 2013. REUTERS/Amr Abdallah Dalsh (Reuters)

CAIRO (Reuters) - Egypt's Ezz Steel's net loss in the first quarter of 2015 widened to 136 million Egyptian pounds ($17 million) from a 19 million pound loss in the same period last year, the company said on Thursday. Net sales were 4.8 billion pounds in the first quarter of 2015, down from 5.3 billion in the same period last year, it said in a statement. ($1 = 7.8300 Egyptian pounds)