REG - EZZ Steel Company - Notice of Results

Ezz Steel Co SAEAnnouncement

15/06/2020 09:20

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 rns@lseg.com or visit www.rns.com.
 
  END
 
 
NORFIFLTRRIELII