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Notice of Results

15th Jun 2020 09:19

RNS Number : 9548P
EZZ Steel Company - S.A.E.
15 June 2020
 

 

 

 

 

Summary of the Unaudited Standalone Financial Results for the Period Ended

31 December 2019

 

Currency: EGP millions

 

 

Financial Indicators:

 

Unaudited Standalone Income Statement for the period ended 31 December 2019

31/12/2019

31/12/2018

 

% Change

Net Sales

7,291

7,854

-7%

Cost of Goods Sold

-7,196

-7,576

-5%

SG&A

-409

-433

-6%

Net Finance Expense and FX Difference

-939

-1,009

-7%

Income from Sale of Investment

3,869

 

--

-

Dividend Income

146

1,313

Net Profit Before Tax

2,762

149

Income and Deferred Tax

-276

-86

221%

Net Profit After Taxes

2,486

63

 

 

 

Unaudited Standalone Balance Sheet for 31 December 2019

 

 

31/12/2019

31/12/2018

 

% Change

Assets

16,649

14,324

16%

Liabilities

8,299

8,461

-2%

Equity

8,350

5,863

42%

 

 

 

 

 

Unaudited Standalone Statement of Cash Flows for the period ended 31 December 2019

 

31/12/2019

31/12/2018

 

% Change

Cash Flows from Operating Activities

-365

-1,484

-75%

Cash Flows from Investing Activities

403

895

-55%

Cash Flows from Finance Activities

-12

540

-102%

Cash at the Beginning of the Period

227

276

-18%

Cash at the End of the Period

253

227

11%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of the Unaudited Consolidated Financial Results for the Period Ended

31 December 2019

Currency: EGP millions

 

 

Financial Indicators:

 

Unaudited Consolidated Income Statement for the period ended 31 December 2019

31/12/2019

31/12/2018

 

% Change

Net Sales

45,714

49,162

-7%

Cost of Goods Sold

-46,689

-43,584

7%

SG&A

-2,346

-1,705

38%

Net Finance Expense and FX Difference

-4,486

-3,795

18%

Net Profit Before Tax

-7,807

78

Income and Deferred Tax

-102

-1,102

Net Profit After Taxes Before Minority

-7,909

-1,024

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
NORFIFLTRRIELII

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