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