In Egypt 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.

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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 play 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)
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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.

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