(AFX UK Focus) 2010-03-14 13:48 Egypt's Ezz Dekheila Steel 2009 net tumbles 78 pct (Interactive Investor)

14 March 2010, 7:12 am

CAIRO, March 14 (Reuters) - Egypt's Al Ezz Dekheila Steel , a unit of Ezz Steel, posted a 78 percent decline in its 2009 consolidated net profit to 641.7 million Egyptian pounds ($117 million), beating two forecasts. The stock exchange said on Sunday the firm's 2008 consolidated net profit was 2.98 billion pounds. Investment bank EFG-Hermes had forecast the firm's net profit at 539 million ...... Read More »

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